Extension of the JobKeeper payment
The JobKeeper Payment has been extended and is available for eligible businesses from 28 September 2020 until 28 March 2021.
The key changes include:
- changes to JobKeeper payment rates for employees based on the total hours each employee worked during their reference period
- there will be a tier 1 and a tier 2 JobKeeper payment rate for eligible employees
- a requirement for the business to demonstrate a decline in actual GST turnover with a comparable period.
If you are already receiving JobKeeper payments for your eligible employees and/or business participant, you don't need to re-enrol.
You will need to pay your eligible employees and/or business participant at least the new JobKeeper amount that applies to them each JobKeeper fortnight.
From 28 September until 3 January 2021, this will be either:
- Tier 1: $1,200 per fortnight (before tax)
- Tier 2: $750 per fortnight (before tax).
From 4 January 2021 until 28 March 2021, this will be either:
- Tier 1: $1,000 per fortnight (before tax)
- Tier 2: $650 per fortnight (before tax).
All rates are before tax.
You'll need to continue to complete your JobKeeper monthly business declaration on time to be reimbursed for payments you made in the previous month.
You'll need to tell us which payment tier you are claiming for each eligible employee and/or business participant in your November monthly business declaration.
You'll need to determine and submit your decline in turnover for each quarter through our online systems.
Eligible businesses and not-for-profits can enrol at any time until the program closes.
Article posted on Thursday 1st October, 2020