News media were reporting early Tuesday the commonwealth $70 billion support scheme would continue until March 2021 but in an altered form.

A review has recommended two key supports to help workers and the jobless during the coronavirus pandemic be lowered as the economy recovers.

Prime Minister Scott Morrison and Treasurer Josh Frydenberg on Tuesday will unveil details of the review of JobKeeper - a $1500 a fortnight wage subsidy which has supported around 3.5 million Australians and 960,000 organisations.

The JobKeeper payment will remain in place but was set to finish on September 27.

After that date, it will have two payment tiers to more closely reflect the pre- pandemic part-time and full-time incomes of workers. However, it will end completely in March 2021.

Early this week business leaders from across Ballarat had called for added employment support for the tourism, hospitality and retail sectors as areas that would barely be able to get back on their feet by the September expiry date.

READ MORE: Coronavirus in Ballarat: What does Ballarat need with JobKeeper?

"The case for extending JobKeeper beyond September is strong, especially if coupled with a fresh eligibility test that targets support to those businesses and sectors that continue to need it," the review said.

Mr Frydenberg insists support will continue for the most needy.

"A three-month review of the JobKeeper payment found the scheme met its objectives, preventing widespread business closures and putting a brake on the job losses that commenced in the second half of March," he said.

"JobKeeper has been an economic lifeline to millions of Australians and that lifeline will be extended for those businesses that need it most."

The government is aiming to transition businesses back into a situation where they are able to pay for the wages of their workers out of their income.

The changes will also ease pressure on the federal budget, which the government will update in a statement on Thursday.

As at July 15, payments have totalled $29.8 billion.

The JobSeeker dole payment, which has been boosted during the pandemic period, will be scaled back but not to the same level as the former Newstart allowance.

Eligibility criteria will be tightened.

The review found if JobSeeker was kept at too high a level, and continued to include no waiting period or scaled-back mutual obligations requirements, it would form a new "reservation wage or floor" which could stifle businesses seeking to put on workers.

Over coming months key agencies such as the tax office, Fair Work Commission and Treasury will monitor the support schemes for "misuse, compliance and integrity issues", the review said.

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