The best resource for this question can be found at this link. Essentially all businesses including the self employed and contractors can claim the following wage subsidy if their actual, or projected revenue, falls by 30%.
- Working over 20 hours per week = $585.80
- Working under 20 hours per week = $350.00
You can claim yourself here and our clients are getting paid in approximately 24 hours.
The government has removed the $150,000 cap on the wages subsidy claim.
New businesses or high growth businesses can now compare their revenue to a previous month (as opposed to a previous year).
There is a requirement on employers to use your best endeavours to pay 80% of normal wages – or you must pass on the entire wage subsidy to the employee.
Charities and not for profit are now included.
You are now required to keep employees in employment for the period of the wage subsidy.
Nothing in the scheme changes the normal legal obligations to your employees.