JOBSEEKER PAYMENTS DROP JobSeeker was created to support people who suddenly found themselves out of work due to the pandemic and replaced Newstart Allowance. JobSeeker payment recipients and recipients of other eligible payments receive the coronavirus supplement on top of their base rate of payment. It was paid at an initial rate of $550 per fortnight until September 24. Then it was extended and at a rate of $250 per fortnight until December 31. From January 1 to March 31, the coronavirus supplement will continue to be paid but at a rate of $150 per fortnight.
NEW RULES FOR FOREIGN INVESTMENT Australia's foreign investment review framework, the "FIRB regime", will come into effect at the start of the year, which will address national security, compliance and approval processes.