Job Keeper Payment
30 March 2020
Yesterday the government announced a new payment to support business to keep workers employed.
In summary, if the business has a turnover under $1 billion and this turnover has reduced by more than 30% due to the impact of the coronavirus (or 50% if over $1 billion), then each eligible employee will be entitled to a fortnightly payment of $1,500 before tax. The subsidy will commence from the 30/3/20 and be for a maximum of 6 months, with first payments being made in the first week of May.
An eligible employee is:
- Someone who is currently employed by the eligible employer, including those stood down or re-hired,
- Were employed by the employer at 1/3/20
- Are full time, part time, or long term casuals (a long term casual is someone employed on a regular basis for longer than 12 months as at 1/3/20)
- Are at least 16 years of age
- Are an Australian citizen, the holder of a permanent visa, a Protected Special Category Visa Holder, a non-protected Special Category Visa Holder who has been residing continually in Australia for 10 years or more, or a Special Category (Subclass 444) Visa Holder; and
- Are not in receipt of a JobKeeper Payment from another employer.
The payment is also available to businesses without employees, such as the self-employed.
To register your business visit:
https://www.ato.gov.au/general/JobKeeper-Payment/
If you have any further questions, please contact us at Mulcahy & Co to assist.
Latest News
Recovery support for people and communities affected by the Victorian fires that started on 7 January 2026. Victoria is facing severe bushfires throughout most of the state. A State of Disaster has been declared. Communities, farmers and businesses are facing heavy losses. The Victorian and Australian Governments are providing essential support to communities hit by the January bushfires. This aid will help with both immediate and long-term recovery needs. A summary of what if on offer is below: Financial Help for families Emergency Accommodation Long Term Recovery Help Clean-Up Help Help for Primary Producers and Farmers Counselling and Social Recovery Roads and community asset support Insurance Advice General Support Further information is available here: https://www.vic.gov.au/january-2026-victorian-bushfires
M Group Lending make Top 100 Broking Businesses list - nationwide. Our Lending team have been recognised in the Top 100 Mortgage Broking businesses through our aggregator LMG. This is an outstanding achievement as the list takes into account all mortgage broking businesses Australia wide. Well done to all our home loan brokers and their support team for their hard work and ultimate dedication to their clients! To chat to our team about your home loan, commercial loan or business loan needs - go to: www.mgroup.partners/lending-team
Our M Group mortgage brokers have made the Victorian Excellence List for 2025 for aggregator LMG. Read more.
We are excited to announce that Liam Nankervis is now a partner with the M Group. Liam works with our Lending team as a Finance Broker in our Geelong office and has been with M Group for over 6 years.
