Job Keeper Extension Update
Stay on top of JobKeeper extension changes with KPI confidence
If you have qualified you are eligible:
From 28th of September – Pay eligible employees the correct amount based on their hours worked during the period. Indicate in your software if they are tier 1 or 2.
Between 1st & 14th of October – Complete the October monthly declaration for re-imbursements of payments made in September.
Between 1st & 31st of October – Determine and submit the decline in turnover for the July to Sept 20 period in comparison to July to Sept 19 via the ATO online systems.
31st Oct – For JobKeeper fortnights 14 & 15 (starting 28th Sept & 12th October 2020) only, employees have until the 31st of October to pay eligible employees at least the JobKeeper payment rate that applies to them.
Between the 1st & 14th of November - Complete the November monthly business declaration to be re-imbursed for payments made in October & notify the ATO which payment tier is being claimed for all eligible employees and/or business participants.
More detail needed? Keep reading… If you become confused at any stage please call us on 1300 001 132 or contact us via our website.
Eligibility for JobKeeper fortnights beginning on or after the 28th of September 2020 is subject to a new additional eligibility test for decline in turnover. This ensures that entities that qualify for JobKeeper payments under the extended scheme have had a recent actual decline in turnover to ensure that it is appropriately targeted. Under the changes, assistance is tapered in two stages in respect of all eligible employees, business participants and religious practitioners. The rate depends on the hours of: work and paid leave for employees, business engagement by business participants and relevant activities by religious practitioners.
The first stage applies to JobKeeper fortnights beginning on or after the 28th of September 2020 and ending on or before 3 January 2021. The second stage applies to JobKeeper fortnights beginning on or after 4 January 2021 and ending on or before 28 March 2021.
During the first stage, the higher rate of JobKeeper payment is $1,200 and the lower rate is $750. During the second stage, the higher rate is $1,000 and the lower rate is $650.
The two-tiered JobKeeper payment in the December 2020 and March 2021 quarters is set out in the table below:
To qualify for JobKeeper payments for JobKeeper fortnights beginning on or after 28 September 2020 and ending on or before 3 January 2021, entities must satisfy the original decline in turnover test and an additional test. Under this additional test, entities must demonstrate that their actual GST turnover has declined by the required percentage for the quarter ending 30 September 2020, relative to the entity’s comparable quarter for this period.
An entity that can demonstrate a fall in actual GST turnover in the quarter ending 30 September 2020 will also satisfy the original decline in turnover test, meaning that most entities enrolling for the first time will only have to demonstrate that their actual turnover has significantly declined in the previous quarter.
To qualify for JobKeeper payments for JobKeeper fortnights beginning on or after 4 January 2021 and ending on or before 28 March 2021, an entity must have met the original decline in turnover test and also had the required actual decline in turnover for the quarter ending 31 December 2020.
For detailed information that applies to your situation specifically, please call our team on 1300 001 132 for help or contact us via our website.