JobKeeper: Gold Coast suburbs most dependant on wage subsidy
Uncertainty remains over the economic safety of some big Gold Coast suburbs.SUBSCRIBE TO READ THE FULL LIST
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ABOUT $75 million a week may still be wiped from struggling Gold Coast families if Scott Morrison ultimately pulls the plug on his JobKeeper scheme.
It was announced on Monday that JobKeeper will be extended for Australians until March, with a new turnover test and a part-time rate for casuals.
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However federal treasury figures show 27,545 Gold Coast businesses signed up to the scheme in April alone. Based on the average staff member for each company, the Labor Opposition said about 104,000 workers on the Glitter Strip were living off a $150-million-a-fortnight drip – and ripping it out would ultimately flatten the city.
GOLD COAST SUBURBS WITH MOST JOBKEEPER APPLICATIONS
Mayor Tom Tate had long called for Mr Morrison to extend the scheme to help the nation’s tourism capital.
FULL LIST: WORST COAST SUBURBS TO HAVE A MORTGAGE IN
WORSENING LEVELS OF MORTGAGE STRESS IN COAST SUBURBS
JobKeeper was introduced to help businesses flattened by the coronavirus pandemic cover staff wages at $1500 per eligible employee a fortnight. The scheme had been due to end in September.
The treasury figures and Labor estimates show the postcode containing suburbs such as Benowa and Surfers Paradise is the most dependant in the state. The Opposition says the scheme is supporting 11,206 people in the 4217 postcode at a cost of $16.8 million a fortnight.
Families in Labrador, Southport, Beechmont, Burleigh Heads, Ashmore, Parkwood and Broadbeach are also heavily reliant on the lifeline, taking in about $13 million for their postcode every fortnight.
RECORD LEVELS OF FINANCIAL STRESS IN COAST SUBURBS
The Gold Coast was the worst hit local government area in Queensland for the week ending May 30, with job rates dropping 8.8 per cent since the 100th coronavirus death.
Gold Coast-based Labor Senator Murray Watt said the future of more than 30,000 Gold Coast businesses and 120,000 workers was in the Federal Government’s hands.
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