Here's a quick recap of the government's coronavirus wage subsidies at a glance
Summary:
$130 Billion Job Keeper Allowance Package
Treasurer Josh Frydenberg says the federal government's $130 billion coronavirus wage allowance package will be "paid back for years to come", as more than 30,000 people rushed to sign up to the scheme within hours.
In an interview on ABC's 7.30, Mr Frydenberg said there had already been "high demand" for the program but denied the huge spend indicated the government expected half of Australia's workforce to lose their jobs.
"What we've tried to do here is to reduce the cost to businesses of employing people, so that more people stay in a job.
"Also, to ensure that there is a formal connection between employers and employees because we know there's going to be a recovery phase after the coronavirus and if we have that formal connection maintained, then the recovery will be a lot quicker and easier."
Mr Frydenberg said the $1500 fortnightly JobKeeper payment per employee was "an equal payment, regardless of what people earn and I think that's very much an Australian way to go".
"This will be paid back for years to come. There's no secret in that. We will enter into discussions with the credit rating agencies over due course. Australia has entered into this crisis from a position of economic strength."
He said casuals who had not been with their employer for 12 months or longer would "go on to the Jobseeker supplement which is available to them at $550, on top of the old Newstart or Jobseeker payment".
