Just in: JobKeeper Will Be Extended

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We now know what JobKeeper 2.0 will look like.

The scheme will continue until March 28, 2021, costing $16 billion.

From September 28 this year, JobKeeper 2.0 will involve two payments:

- A flat rate of $1200 a fortnight for eligible workers who work more than 20 hours a week

- A flat rate of $750 per fortnight for eligible workers who work less than 20 hours per week

They will then be reduced after January 4, dropping to:

- A flat rate of $1000 per fortnight for eligible workers who work more than 20 hours a week

- A flat rate of $650 per fortnight for eligible workers who work less than 20 hours per week

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21 July 2020