About 1600 businesses and organisations across the North East and Southern Riverina have lost access to JobKeeper wage subsidies, and Business NSW fears job losses will be inevitable.
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The final stage of JobKeeper was paying employers $1000 per fortnight for every full-time worker or $650 for every part-time worker if the business's turnover had declined during the coronavirus pandemic.
Treasury data shows 1638 organisations registered in North East or southern Riverina postcodes were still using the JobKeeper scheme in January.
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Business NSW Murray-Riverina regional manager Anthony McFarlane said he "certainly does have concerns for tourism, hospitality and the visitor economy" after JobKeeper ends.
"Without JobKeeper government support, 42 per cent of surveyed tourism businesses said they would be forced to reduce headcount and 53 per cent are expected to reduce hours," he said.
"Another concern that came out of our survey was a third of tourism business anticipate they may have to close temporarily or permanently after JobKeeper."
Riverina MP and Deputy Prime Minister Michael McCormack said the Australian economy was "graduating" from the temporary JobKeeper measure.
"It is time to move from subsidising employees to encouraging spending in the economy to get more people into jobs," he said.
"The number of JobKeeper applications is coming down, which shows more people getting back into the workforce.
"Our Economic Recovery Plan includes a range of stimulus measures, including personal income tax cuts, the JobMaker Hiring Credit, half-price tourism tickets, HomeBuilder and apprentice schemes."