Important Changes to JobKeeper Payment

POSTED ON August 25, 2020

If you are currently receiving the JobKeeper payment, the following is a must-read.

On the 14th August the Federal Government amended the JobKeeper payment scheme, to now include employees hired between the 1st March and 1 July 2020.

All qualifying employees hired between these dates can be added to your current employees claiming the JobKeeper payment.  Employers must ensure that they meet the wage condition for all new eligible employees by the 31st August 2020 – effectively make sure that they are at least paying the minimum of $1500 per fortnight.

Payments will be made for the new employees under the updated scheme for the months of August and September 2020 upon lodgement of the monthly declaration to the ATO.

These additional employees will also be included in the extended JobKeeper payment scheme, JobKeeper 2.0 & JobKeeper 3.0. The first extension will operate from October to December 2020 and the second from January to March 2021 for eligible businesses qualifying under the new rules.

We understand that the constant changes to the government schemes can sometimes be overwhelming and a second opinion or advice is required. Please do not hesitate to contact one of our team members at TTO to help with any of your queries.