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Extension of the JobKeeper Payment

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 payment rate of $1,500 per fortnight for eligible employees and business participants will be reduced to $1,200 per fortnight from 28 September 2020 and to $1,000 per fortnight from 4 January 2021. From 28 September 2020, lower payment rates will apply for employees and business participants that worked fewer than 20 hours per week.

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). You will be required to reassess their eligibility with reference to their actual GST turnover in the June and September quarters 2020, and will need to demonstrate that you 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.

To be eligible for JobKeeper Payments under the extension, businesses and not-for-profits will still need to demonstrate that they have experienced a decline in turnover of:

The JobKeeper Payment Rate 

From 28 September 2020 to 3 January 2021, the JobKeeper Payment rates will be:

From 4 January 2021 to 28 March 2021, the JobKeeper Payment rates will be:

Businesses and not-for-profits will be required to nominate which payment rate they are claiming for each of their eligible employees (or business participants).

Employees 
The eligibility rules for employees remain unchanged. This means you are eligible if you:

Further Information

The Money Edge | Bundaberg 

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