South Australian businesses whose employees qualify for the Federal Government’s historic $1500-a-fortnight JobKeeper support payments will be exempt from paying any payroll tax on the wage subsidy, the Marshall Liberal Government has announced.
Under existing laws, the JobKeeper payment – part of the Commonwealth’s $130 billion stimulus measure to keep eligible businesses connected with their workforce during the coronavirus crisis – would attract payroll tax.
However, Treasurer Rob Lucas said the State Government had moved swiftly to exempt these payments from payroll tax, to ensure no unintended impost to businesses already impacted by the pandemic and necessary trading, travel and social gathering restrictions to limit its spread.
“We want to do everything in our power to ensure local businesses and jobs are supported throughout the greatest economic challenge of our time,” said Treasurer Lucas.
Accordingly, the Government will be introducing urgent legislation into State Parliament on Tuesday to amend the Payroll Tax Act 2009.
As many as 6 million Australian workers are expected to benefit from the wage subsidy, which will be issued from the first week of May but be backdated to March 30.
- New COVID-19 Case In South Australia FoundThe woman had been quarantining in Victoria but was given an exemption to travel into South Australia for “compelling” family reasons.
- Stage Two Brought Forward & Further Restrictions Eased In Sport, Dining, FuneralsAs a result of the consistent testing rates over the past few weeks, stage two has been once again brought forward to Monday 1 June.
- Prime Minister Reveals New ‘JobMaker’ Plan For AustraliaThe JobMaker plan comprises a series of principles, as outlined by the Prime Minster in today’s announcement.
- Seasonal Jobs Ripe For The Picking For Job SeekersWhether it is fruit-picking, grape-harvesting, vine-pruning, tree-planting or vegetable-packing, there’s a range of agricultural jobs on offer.
- Major Changes Made To Dine-In Restrictions After Mass Confusion Regarding LicencingGiven the Premier’s recent announcement, any establishment with dining capabilities will now be able to open indoor and outdoor service.