SAVING JOBS AND REDUCING THE BURDEN ON BUSINESSES AND FAMILIES

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The Victorian Government will provide a further $491 million in tax relief to help save businesses and jobs, and
freeze a host of fees, charges and leviesto reduce the financial burden on households in another package to support Victorian businesses, workers and families through the coronavirus crisis.

Treasurer Tim Pallas today announced businesses participating in the JobKeeper scheme in Victoria will be exempt
from payroll tax and the WorkCover premium on payments to their employees if their staff are currently stood
down.

The announcement means the $1,500 fortnightly payment paid to staff who are currently stood down will be free
from all state government taxes and charges – meaning more money in the pockets of businesses, and more
incentive to keep workers on throughout the crisis.

Payments above a part-time employee’s usual salary, due to JobKeeper being a minimum $1500 fortnightly
payment, will also be exempt from payroll tax and the WorkCover premium – meaning businesses are not paying
more to keep their staff on due to the scheme.

For more info on support available or on the previous $1.7billion economic survival package, click the image. 

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