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  • Deborah Roscoe

Extension to JobKeeper - New Rules


Yesterday the Federal Government announced an extension to JobKeeper after the 27 September 2020.

The payment will be reduced and the turnover reduction test will need to be met in order to get access to the extended JobKeeper payments.

The new JobKeeper payment rates are:


From 28 September 2020 – 3 January 2021:

  • $1,200 per fortnight for those working 20 hours or more per week (on average)

  • $750 per fortnight for those working less than 20 hours per week.


From 4 January to 28 March 2021:

  • $1,000 per fortnight for those working 20 hours or more per week (on average)

  • $650 per fortnight for those working less than 20 hours per week.

Eligible Employees & Business Owners:

Eligible employees are those who were working in the business in the four weeks before 1 March 2020 (ie February 2020). Self employed business owners are still eligible for the extended payments provided turnover tests are achieved.

The ATO will use it's discretion on alternative tests to determine an employee’s hours during the test period if the employee may not have been working, eg due to being on leave due to bushfires.


All other criteria to determine the eligibility of an employee is unchanged.

Turnover Tests:

Businesses will need to meet the 30% Turnover Reduction test in order to continue to be eligible for the extension of the JobKeeper payment.

The Turnover Tests will need to be met at two points in time being:

1) From 28 September 2020 to 3 January 2021, businesses will need to have a significant fall in actual GST turnover in the June and September 2020 quarters compared to the corresponding quarters in 2019.

2) From 4 January to 28 March 2021, businesses will need to have a significant fall in actual GST turnover in the June, September and December 2020 quarters compared to the corresponding quarters in 2019.

Address

LOCATIONS:

Sydney: 133 Alexander Street, Crows Nest NSW 2065

Newcastle: 2 Portside Crescent, Maryville NSW 2293

Contact

Phone: 1300 790 535

©2020 by Roscoe & Company Pty Ltd. Liability limited by a scheme approved under Professional Standards Legislation.