
Most read
Pros and cons: Working in the gig economy...
Pros and cons: Working in the gig economy...

Latest Podcast
Home values up 30% (or are they); NFTs taking the world by storm, and why Keatin...
Home values up 30% (or are they); NFTs taking the world by storm, and why Keatin...

Resources
There is $17.5 billion in lost and unclaimed super across ...
There is $17.5 billion in lost and unclaimed super across ...
Earn
PM dismisses JobKeeper windbacks
Prime Minister Scott Morrison has shot down suggestions that he will wind back the JobKeeper payment scheme earlier than expected, with Australia on track to open its economy ahead of initial plans.

PM dismisses JobKeeper windbacks
Prime Minister Scott Morrison has shot down suggestions that he will wind back the JobKeeper payment scheme earlier than expected, with Australia on track to open its economy ahead of initial plans.

Despite the $130 billion JobKeeper scheme legislated to run until 27 September, there has been ongoing speculation that the government will use its scheduled June review of the program to announce a scaleback as the country works towards a three-step plan to an open economy.
“All of this is very premature. We are six weeks into a six-month program. And the impact of the virus, how it will impact on Australia in the months ahead with a reopening economy is very much a work in progress,” said Mr Morrison.
“At this stage, the uncertainties about the global economy, let alone our own economy, are still very much there, and it would be very premature, I think, to get into speculations.
“What people know is there is six months of an economic lifeline to the value of $130 billion, and that says to Australians that we will be there for you and we will be there for you to get Australians back into work.”
However, Mr Morrison refused to rule out further changes to the scheme, which could be more targeted at sectors that have been impacted harder by the COVID-19 pandemic.
“How that program can be adjusted to better support over that period or if there are sectors that come under greater strain over a longer period of time, these are all things that the government is fully aware of,” said Mr Morrison.
“But we are not going to get ahead of ourselves here, and I would encourage others not to get ahead of themselves here.
“We are six weeks into a six-month program in one of the most uncertain economic and health environments any of us have ever seen and so if you’ve got a crystal ball, you might want to share it with me. I don’t have one.”
The latest figures released by the Treasury show that over 768,000 entities have now enrolled for the JobKeeper scheme, with more than 5 million Aussies receiving government support from it.
A breakdown of those figures revealed that 40 per cent of all enrolments were made out of individual or sole traders, followed closely by companies at 39 per cent, trusts at 15 per cent and partnerships at 6 per cent.
About the author

About the author


Earn
Apprenticeship wage subsidy scheme extended by 70k new places
The wage subsidy scheme for apprentices and trainees has officially been extended by another year, a move that is expected to generate around 70,000 new apprentice and trainee places. ...Read more

Earn
JobSeekers could soon be asked to head to the regions to fill jobs
The government is planning to plug regional jobs by taking a tougher approach to JobSeekers, requiring Aussies on the payment to move to fill jobs in regional Australia. ...Read more

Earn
Sydney’s vacancy rates continue to rise
Sydney’s vacancy rates continue to rise overall, but the middle ring is outperforming the rest of the city, new research has revealed. ...Read more

Earn
Why this expert doesn’t expect the regional appeal to last
A certain class of individuals is heading to the regions, with their city jobs in tow, as a direct result of the shifting mindset created by the COVID-19 pandemic, but will this trend last and should...Read more

Earn
Will your job be in demand in 2021?
COVID-19 has brought significant disruption to the economy, and with it, there has been permanent changes to the jobs landscape. So, what jobs will be on the rise this year? ...Read more

Earn
2021 new year, new you: How well does your portfolio stack up against your goals?
Markets in 2020 were challenging and unpredictable, but 2021 offers families an opportunity to review their portfolio and make sure they are still in alignment with their financial goals. Your life, a...Read more

Earn
nestegg’s top 10 most-read stories for 2020
From a global pandemic, economic recession, robodebt refunds and a US election, 2020 has been a huge year for finances in Australia. ...Read more

Earn
Why change is crucial for your career – even if you’re the boss
The proverb would have us believe, “Change is as good as a holiday”. ...Read more

Home values up 30% (or are they); NFTs taking the world by storm, and why Keating thinks Aussies will be ‘poor’ in retirement
Listen now

Raging floods, the tech stock bubble and the ongoing SG debate
Listen now

Meet the Manager with Trilogy’s Philip Ryan: RBA rates and property price growth
Listen now

The continued property boom, ethical investing and engaging with your super fund
Listen now

Earn
Apprenticeship wage subsidy scheme extended by 70k new places
The wage subsidy scheme for apprentices and trainees has officially been extended by another year, a move that is expected to generate around 70,000 new apprentice and trainee places. ...Read more

Earn
JobSeekers could soon be asked to head to the regions to fill jobs
The government is planning to plug regional jobs by taking a tougher approach to JobSeekers, requiring Aussies on the payment to move to fill jobs in regional Australia. ...Read more

Earn
Sydney’s vacancy rates continue to rise
Sydney’s vacancy rates continue to rise overall, but the middle ring is outperforming the rest of the city, new research has revealed. ...Read more

Earn
Why this expert doesn’t expect the regional appeal to last
A certain class of individuals is heading to the regions, with their city jobs in tow, as a direct result of the shifting mindset created by the COVID-19 pandemic, but will this trend last and should...Read more

Earn
Will your job be in demand in 2021?
COVID-19 has brought significant disruption to the economy, and with it, there has been permanent changes to the jobs landscape. So, what jobs will be on the rise this year? ...Read more

Earn
2021 new year, new you: How well does your portfolio stack up against your goals?
Markets in 2020 were challenging and unpredictable, but 2021 offers families an opportunity to review their portfolio and make sure they are still in alignment with their financial goals. Your life, a...Read more

Earn
nestegg’s top 10 most-read stories for 2020
From a global pandemic, economic recession, robodebt refunds and a US election, 2020 has been a huge year for finances in Australia. ...Read more

Earn
Why change is crucial for your career – even if you’re the boss
The proverb would have us believe, “Change is as good as a holiday”. ...Read more