Key Points:

• Employers can seek assistance from the banks for financial support to make the payments to employees prior to receiving their claim to the JobKeeper wages subsidy.

One of the main concerns for employers wanting to enrol for the JobKeeper Scheme is that they have to make the $1,500 payments to employees before they are eligible to receive the JobKeeper Payment.  For some employers, this is simply impossible.

Treasurer (Josh Frydenberg) spoke with the ‘Big 4’ banks and they have now agreed to establish dedicated Hotlines for employers to call in relation to accessing bridging finance. The hotline numbers are: 

Westpac – 1300 731 073

NAB – 1800 562 533 (1800 JOBKEEPER)

CBA – 13 26 07

ANZ –  1800 571 123

If you have any questions or need advice and clarity specific to your situation, feel free to contact Semmens & Co on 03 8320 0320 for a free consultation.