The recent adjustments to the JobKeeper Scheme allowing certain new employees to qualify for JobKeeper payments from 3 August 2020 has placed additional obligations and deadlines on eligible employers.
As always, if you have any queries with regards to the above or the JobKeeper Payments in general please do not hesitate to give us a call
Important update: JobKeeper Changes
There have been a number of Government Announcements over the last couple of weeks that impact on business and employee eligibility for the JobKeeper Payment.
Employees that previously failed the JobKeeper eligibility test as they were not employed on 1 March 2020, may now be eligible for payments from 3 August 2020 if they were employed on 1 July 2020.
From 28 September 2020, employers seeking to claim JobKeeper payments will need to reassess their eligibility. Also, from this date the JobKeeper payment rate will reduce and split into a higher and lower rate based on the number of hours the employee worked in the 4 weeks prior to 1 March 2020 or 1 July 2020.
The links below should help answer any queries you may have:
Under the JobKeeper Payment, businesses impacted by the coronavirus 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 per eligible employee from 30 March 2020, for a maximum of 6 months.
Any small business whose turnover has fallen by 30% or more will be eligible.
Eligible employees include:
Full time workers (employed at 1 March 2020)
Part tine workers (employed at 1 March 2020)
Casuals (employed for more than 12 months)
The payments will be made by the ATO to employers to pass onto employees.
Payments will be made from 1 May 2020 and will be backdated to 30 March 2020.
Employees who have previously been stood down will still be eligible.
To access more information about the Jobkeeper Payment, click the links below:
Things are moving extremely quickly with COVID-19 and we understand that our clients are nervous. All of us here at R&D Accounting want to let our clients know that they are not alone and that we’ve got your back. We are here to help you through these uncertain times and to help you all navigate through the government support that is available.