The JobKeeper Payment, which was originally due to run until 27th September 2020, will continue to be available to eligible businesses (including the self-employed) and not-for-profits until 28th March 2021.

In addition, from 3rd August 2020 the relevant date of employment has moved from 1st March 2020 to 1st July 2020, increasing employee eligibility for the existing scheme and the extension.

The payment rate of $1,500 per fortnight for eligible employees and business participants will be reduced to $1,200 per fortnight from 28th September 2020 and to $1,000 per fortnight from 4th January 2021.

Key dates for Employers

31st August 2020 – wage condition for new employees

For the fortnights commencing on 3 August 2020 and 17 August 2020, the ATO are allowing employers until 31 August 2020 to meet the wage condition for all new eligible employees included in the Jobkeeper scheme under the 1 July eligibility test. 

31st August 2020 – enrolments close for August fortnights

To claim JobKeeper payments for the August JobKeeper fortnights, including for new eligible employees included in the JobKeeper scheme under the 1st July eligibility test, you must enrol for JobKeeper by 31st August.

From 28th September 2020

  • lower payment rates will apply for employees and business participants that worked fewer than 20 hours per week in the relevant reference period.
  • businesses and not-for-profits seeking to claim the JobKeeper Payment will be required to demonstrate that they have suffered a decline in turnover using actual GST turnover (rather than projected GST turnover).
  • businesses and not-for-profits will be required to reassess their eligibility with reference to their actual GST turnover in the September quarter 2020 to be eligible for the JobKeeper Payment from 28th September 2020 to 3rd January 2021.

From 4th January 2021,

Businesses and not-for-profits will need to further reassess their turnover to be eligible for the JobKeeper Payment. They will need to demonstrate that they have met the relevant decline in turnover test with reference to their actual GST turnover in the December quarter 2020 to be eligible for the JobKeeper Payment from 4th January 2021 to 28th March 2021.

To be eligible for JobKeeper Payments under the extension, businesses and not-for-profits will still need to demonstrate that they have experienced a decline in turnover of:

  • 50 per cent for those with an aggregated turnover of more than $1 billion;
  •  30 per cent for those with an aggregated turnover of $1 billion or less; or Economic
  •  15 per cent for Australian Charities and Not for profits Commission-registered

Details of the government’s Job Keeper program can be found  https://www.ato.gov.au/general/jobkeeper-payment/employers/