The JobKeeper Scheme: What You Need to Know

JobKeeper Payment Guide

The Federal Government passed a package of Bills through both Houses of Parliament on the 8th April 2020 to give effect to the JobKeeper Payment Scheme. The highly anticipated subsidy program aims to help businesses affected by COVID‐19 cover the cost of employee wages. While a positive support measure for business, there are a number of complex issues in assessing eligibility for the subsidy.

If you are eligible under the JobKeeper Payment scheme, businesses impacted by COVID-19 will be able to access a subsidy from the Government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 (before tax) per eligible employee from 30 March 2020, for a maximum period of 6 months.

 

JobKeeper from 28 September 2020

The first tranche of JobKeeper ended on 27 September 2020. Those needing further support will need to reassess their eligibility and prove an actual decline in turnover.

To receive JobKeeper from 28 September 2020, eligible employers need to assess their decline in turnover with reference to actual GST turnover for the September 2020 quarter (for JobKeeper payments between 28 September to 3 January 2021), and again for the December 2020 quarter (for payments between 4 January 2021 to 28 March 2021).

From 28 September 2020, the JobKeeper payment rate will reduce and split into a higher and lower rate based on the number of hours the employee worked in a specific 28 day period prior to 1 March 2020 or 1 July 2020.

 

JobKeeper Payment Tool Kit

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