Universities sound alarm after denied greater access to wage subsidy | fergushunter
Universities Australia, the peak body for the country's 39 universities, said on Monday it was now clear there would be a "significant" decline international student numbers into the second semester and government support was "more important than ever".
that "all registered charities" would be able to access the JobKeeper subsidy if they demonstrate a 15 per cent turnover decline, a lower bar than regular businesses, which must demonstrate a 30 per cent turnover decline if their revenue is under $1 billion and 50 per cent if it is above $1 billion. "Non-government schools and universities are eligible for the JobKeeper Payment. However, they will need to meet the turnover threshold of 30 per cent for those with an annual turnover of less than $1 billion."
Vicki Thomson, chief executive of the Group of Eight universities, had embraced the initial announcement and said Mr Frydenberg had been "unambiguous" the lower threshold would apply to all registered charities."And that includes our universities who operate on a not for profit basis – and we expect government to follow through on that basis ... not shift the ground rules in less than a day," she said.
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