JobKeeper Payment Extension

The JobKeeper Payment, which was originally due to run until 27 September 2020, will now be extended to eligible businesses and the self-employed until 28 March 2021.

JobKeeper Payment Rate

• The current rate of $1,500 per fortnight will reduce to $1,200 per fortnight from the 28 September 2020, for full-time workers and $750 per fortnight for employees working less than 20 hours per week.
• A further reduction in the rate to $1,000 per fortnight will occur from the 4 January 2021, for full-time workers and $650 per fortnight for employees working less than 20 hours per week.

Eligibility Criteria

The JobKeeper scheme turnover tests will remain the same, however, businesses will need to satisfy them again.

Businesses will need to demonstrate that their actual GST turnover has fallen by 30{b8e7c7f951a33340f874b6d86f318d9ec4412e46b7f65591a459ed670b119c83} or more in both the June quarter 2020 and the September quarter 2020. These figures will need to be looked at in comparison to the same quarterly periods in 2019.

The eligibility rules for employees remain unchanged although the average number of hours worked prior to the 1st of March 2020 must be reviewed to establish the amount of JobKeeper payment to be claimed.

Businesses will be required to nominate which payment rate they are claiming for each of their eligible employees (or business participants).

Please do not hesitate to contact us on 08 8211 9426 if you have any questions.