10 Jun 2020

First round of the Covid-19 wage subsidy nearing end

From Morning Report, 7:14 am on 10 June 2020

It's the beginning of the end for the original Covid-19 wage subsidy, as the 12-week, $11 billion scheme draws to a close.

The government expects close to a million people to come off the subsidy during June. From today, those seeking further support must apply to the wage subsidy extension.

The new scheme only applies to businesses with revenue falls of at least 40 percent.

Jordan Bond reports.