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/

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