The Restaurant Association has been lobbying for an extension to the current wage subsidy and this has been confirmed in Budget 2020.
From June 10, businesses that have suffered, or expect to suffer, revenue loss of at least 50 per cent for the 30-day period prior to the application date versus the nearest comparable period last year will be eligible for the extension of the scheme.
- The subsidy will be paid as an 8-week lump sum to employers at the same weekly rates as the current scheme.
- Applications for the extended subsidy will be able to be made through MSD’s website.
- Employers will be able to apply for the extended subsidy if they meet the new eligibility criteria, by submitting a new application.
Further details on this and other aspects of the Budget announcements will follow.