Good news for Employers, the ATO has granted a JobKeeper extension, allowing more time for businesses to pay their workers and get their applications in.
First Two Fortnight Key Dates:
Fortnights One (Mar 30 - Apr 12) and Two (Apr 13 - 26)
Employee Payments: May 8th (was April 30th)
JobKeeper Program Enrolment: May 31 (was April 30)
Wage growth is at an all time low...
Australia is experiencing its longest period of low earnings growth since the early 1990s, according the RBA's latest monetary policy statement.
It says average earnings per hour, "which incorporates a wider range of labour income payments and captures changes in the composition of employment, have been little changed over the year."
While the wage price index increased by just 0.6% in the June quarter, the 2.3% growth over the year was the lowest annual rise since the index was