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ios developer account:2.1 million Australians expected to be off JobKeeper by the end of the year


The scheme will change from September 28.(ABC News: Emma Machan)ShareFacebookTwitterArticle share optionsShare this onFacebookTwitterLinkedInSend this byEmailMessengerCopy linkWhatsAppPrint contentPrint with images and other mediaPrint text onlyPrintCancelThe future of the schemes keeping food on the table of millions of Australians has been announced, with JobSeeker to continue to the end of the year, and JobKeeper to extend beyond that.There are a lot of facts, figures, numbers and key dates around when you'll be affected. Here are the most important ones:JobKeeper and JobSeeker change on September 28Until today, the JobKeeper subsidy and the coronavirus supplement, which effectively doubled the JobSeeker payment, were due to end in late September.Instead, that's now the time both schemes will change.From September 28, JobKeeper payments will change from a flat $1,500 a fortnight to $1,200 a fortnight for full-time workers, and $750 a fortnight for part-time workers.A similar reduction will be levelled on the coronavirus supplement, which boosts payments to people on JobSeeker, Youth Allowance, Austudy and some other support payments. While JobSeeker recipients were previously receiving just over $1,100 each fortnight, the change will see the base amount cut to about $815 a fortnight.If you or your business are on JobKeeper, another date to keep in mind is January 4, when a further reduction will be made to the payment. The coronavirus lockdown has had a dramatic effect on employment figures in Australia.(ABC News: Chris Taylor)If you're on JobSeeker, the current payment rate is only guaranteed until the end of the year.It's not clear what will happen after that, but Prime Minister Scott Morrison heavily hinted some support would be continued into 2021.JobKeeper will help 3.5 million, 1.4 million, then later 1 millionTreasury projections suggest that between now and the end of the year, 2.1 million Australians will be taken off the JobKeeper payment.Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for volume.WatchDuration: 2 minutes 28 seconds2m 28s Scott Morrison outlines changes to JobKeeper paymentsAs part of today's changes, eligibility requirements for the payment will be reinforced so that at the end of September, businesses and other organisations on JobKeeper will need to reassess their turnover to see if they meet the threshold for the payment.Those that do not meet the turnover test will lose the eligibility for the payment.Coronavirus latest: Follow all the latest information in our COVID-19 live blog."As the economy gradually improves, Treasury expects that the number of JobKeeper recipients will reduce substantially, with around 1.4 million people remaining eligible in the December quarter, 2020 and 1 million in the March quarter, 2021," Treasurer Josh Frydenberg said.Just to avoid any (understandable) confusion, the December quarter begins at the start of October, and the March quarter begins in January 2021.So that means the number of people on JobKeeper should be expected to drop from the current 3.5 million to 1.4 million in the months after the first round of changes come into effect.That encompasses employees of businesses that no longer require JobKeeper, and businesses that buckle under the economic strain and fold as government support eases.345,000 new JobSeekers are expected by DecemberWith 2.1 million people expected to come off JobKeeper in coming months, it is not clear how many of those are expected to return to work.The Government is expecting 345,000 new people will access JobSeeker in the last three months of the year."Of course we will see some people move from JobKeeper to JobSeeker,

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