The Federal Government has thrown an extra $15 billion towards JobKeeper to allow hundreds of thousands more Victorians to receive the job support.
The new guidelines for the JobKeeper extension will begin on September 28 with more businesses and workers now able qualify for the government payments.
The scheme will also relax compliance criteria, with businesses only needing to show that their GST turnover had fallen over one quarter. Workers will also qualify if they were employed on July 1, rather than March 1.
“We believe that about 530,000 extra Victorian employees will now join the JobKeeper program over the September quarter, that means 1.5 million Victorian employees will be using JobKeeper,” said Treasurer Josh Frydenberg.
“That’s nearly half of the private sector workforce across the whole state.
“The combined effect of the economic deterioration in Victoria, which will see more firms needing to rely on JobKeeper, and the changes we are making to the program, will see the cost of JobKeeper increase by around $15.6 billion.”