Australian PM Morrison: JobKeeper wage subsidy cut to $1200 a fortnight, split into two tiers

According to the latest story carried by the Sydney Morning Herald (SMH), Australian Prime Minister Scott Morrison is likely to announce a cut in the JobKeeper wage subsidy at the end of September.

The subsidy will be slashed to $1200 a fortnight for full-time workers and to $750 for part-time workers, down from the current single rate of $1500.

Morrison said: "We made the conscious decision to have a flat rate payment [when introducing JobKeeper] because we understood at that time that people were losing second and third jobs."

Additional comments

"Ensuring we had one flat payment across the entire labour force ensured that we were protecting our social security system and you will also remember the great strains that that system was under early during the crisis."

“There was the capacity to have a two-tiered system of payments.”