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Treasury completed a three-month review of the JobKeeper Payment in June 2020, informed by the status of the COVID-19 pandemic and the economic downturn.
The review found that the JobKeeper Payment met its initial objectives: to support business and job survival, preserve employment relationships, and provide needed income support. However, it noted that the labour market remained weak, with a continued need for macroeconomic support. The review concluded that an appropriately targeted extension of the JobKeeper Payment would continue to provide assistance to the most affected businesses and support the economic recovery.
The Government considered the findings of the JobKeeper Review and on 21 July, the Government announced the extension of the JobKeeper Payment until 28 March 2021.