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The JobKeeper subsidy has been extended until March, but will operate at a reduced rate, the prime minister revealed on Tuesday.

Businesses receiving the payment will now be subject to a new turnover test, and a different rate will be applied for part-time and casual employees.

“JobKeeper is doing its job and will continue to do its job through the decisions we’re announcing today,” Prime Minister Scott Morrison said on Tuesday.

“Already just over $30 billion has been provided…


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