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.
Refer to ABJ Solutions Blog
Covid-19 and the JobKeeper Payment Scheme Updated
Covid-19 and the JobKeeper Payment Scheme Updated – Rules and Guidelines/
