Morrison announces $130 billion wage subsidy amid coronavirus pandemic

By Editorial Team
Published 4 years ago

Workers will be kept in their jobs with fortnightly $1500 government-funded payments for the next six months under a record $130 billion wage subsidy, news which drove the biggest jump in the sharemarket in 40 years.

Treasurer Josh Frydenberg (left) and Prime Minister Scott Morrison announce the government’s $130 billion wage subsidy package at a press conference at Parliament House in Canberra on March 30, 2020. (Photo: AAP)

Described by Prime Minister Scott Morrison as an “economic lifeline”, the subsidy, known as the JobKeeper payment, takes the figure ...

By Editorial Team

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