JobKeeper Details and Key Dates

Last updated 7th May 2020

The JobKeeper Payment Scheme is available to small business owners to subsidise wages for each eligible employee at $1,500 per fortnight.

Key dates

By 8th May 2020 – Pay eligible employees to claim JobKeeper for April 2020

By 31st May 2020 – Step 1: Enrol for JobKeeper & Step 2: Identify and maintain your eligible employees

Checklist

Before you enrol and make claim; check that your business is eligible, check that your employees are eligible, complete the nomination process and set up systems to enrol.

Monthly Business Declaration and Administration

Each month, complete Step 3 and make a business monthly declaration. The monthly declaration is to notify the ATO of your current GST turnover for reporting month and projected GST turnover for the following month. Note: this does not affect eligibility, once approved, businesses are eligible until September 2020.

How to apply

From 20th April 2020, you can enrol in the JobKeeper scheme on the ATO website using an online form. Click here to enrol.

Read more from the Prime Ministers media statement.

Refer to ABJ Solutions Blog

Covid-19 and the JobKeeper Payment Scheme Updated

Covid-19 and the JobKeeper Payment Scheme Updated – Rules and Guidelines/

Covid-19 and the JobKeeper Payment Scheme

Update on Eligibility of JobKeeper Payment Scheme

Last updated 30th April 2020

Small businesses are eligible for the JobKeeper Payment if they satisfy a 30% decline in turnover via a basic test or the alternative test.

Basic test vs. alternative test

Basic test – compares the GST turnover of any months from March 2020 to September 2020 with a corresponding period in 2019.

Alternative test – used to determine fall in turnover when there is not an appropriate relevant comparison period. This could be due to the entity being impacted by an acquisition, restructure, large growth phase, drought, sole traders’ inability to work due to sickness or injury or the entity commenced business after the relevant comparison period.

Alternative test – substantial increase in turnover

There are a number of options available to assess 30% decline when an entity’s turnover has substantially increased according to the following:

  • 50% or more in the 12 months immediately before applicable turnover test period; or
  • 25% or more in the 6 months immediately before applicable turnover test period, or
  • 12.5% or more in the 3 months immediately before applicable turnover test period.

Please find the appropriate alternative tests in the Legislative Instrument. Click here.

Read more from ATO website

Refer to ABJ Solutions Blog

Covid-19 and the JobKeeper Payment Scheme Updated

Covid-19 and the JobKeeper Payment Scheme Updated – Rules and Guidelines/

Covid-19 and the JobKeeper Payment Scheme

JobKeeper Payment Scheme

Last updated 16st April 2020

The JobKeeper Payment Scheme is available to small business owners to subsidise wages for each eligible employee at $1,500 per fortnight.

What is available

The JobKeeper payment is open to eligible employers, to enable them to pay their eligible employee’s salary or wages of at least $1,500 (before tax) per fortnight, via a reimbursed fixed amount of $1,500 per fortnight for each eligible employee.

Businesses have been given until 31st May 2020 to enrol for the JobKeeper scheme. The subsidy will start on 30th March 2020, with the first payment to be received by employers in the first week of May 2020.

Eligibility Criteria for businesses

Eligible employer’s must be Australian businesses who employed at least one eligible employee on 1st March 2020 and who’s eligible employees are currently employed by your business for the fortnights you claim (including those who are stood down or re-hired).

Eligible business have faced; 30% fall in turnover (revenue $1 billion or less), 50% fall in turnover (revenue of more than $1 billion), 15% fall in turnover (ACNC registered charities) and is not located in one of the ineligible categories.

Eligibility Criteria for employees

Your employee is eligible if they; are employed by you (including those stood down or re-hired), permanent full-time or part-time employee at 1st March 2020, casual employee for at least 12 months as at 1st March 2020, were at least 16 years of age on 1st March 2020 and were an Australian resident as at 1st March 2020.

The JobKeeper scheme operates on a one-in all-in policy. Meaning employers must offer this payment to all of their employees or offer it to none of their employees.

How to apply

From 20th April 2020, you can enrol in the JobKeeper scheme on the ATO website using an online form. Click here to enrol.

Read more from the Prime Ministers media statement.

Refer to ABJ Solutions Blog

Covid-19 and the JobKeeper Payment Scheme Updated

Covid-19 and the JobKeeper Payment Scheme Updated – Rules and Guidelines/

Covid-19 and the JobKeeper Payment Scheme