The JobKeeper Payment, which was originally due to run until 27 September 2020, will now continue to be available to eligible businesses (including the self-employed and not-for-profits) until 28 March 2021.
The JobKeeper Payment rate
From 28 September 2020 to 3 January 2021
- The fortnightly payment for full-time workers is decreasing from $1,500 to $1,200.
- $750 per fortnight for part-time workers.
From 4 January 2021 to 28 March 2021
- The fortnightly payment for full-time workers is decreasing from $1,200 to $1,000.
- $650 per fortnight for part-time workers.
From 28 September 2020
- Businesses and not-for-profits seeking to claim the JobKeeper Payment will be required to demonstrate that they have suffered an ongoing significant 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 is assessed in each of the June and September quarters 2020. They will need to demonstrate that they have met the relevant decline in turnover test in both of those quarters to be eligible for the JobKeeper Payment from 28 September 2020 to 3 January 2021.
From 4 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 the turnover test with reference to their actual GST turnover in each of the June, September and December quarters 2020 to remain eligible for the JobKeeper Payment from 4 January 2021 to 28 March 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 the turnover test with reference to their actual GST turnover in each of the June, September and December quarters 2020 to remain eligible for the JobKeeper Payment from 4 January 2021 to 28 March 2021.
For more information contact CTI Lawyers on 1300 361 099 or email [email protected]