JobKeeper Payment extended to March 2021
On Tuesday 21 July Prime Minister Scott Morrison announced the extension of the JobKeeper Payment to 28 March 2021 with new eligibility tests in place.
Here’s what you need to know.
- The existing JobKeeper Payment arrangements will remain in place until 27 September 2020.
- From 28 September 2020, the JobKeeper Payment will be targeted to employers that have been most significantly impacted, the payment rates will be stepped-down and two tiers of payment will be introduced.
- From 28 September 2020 to $1,200 per fortnight and a lower rate of $750 for people working less than 20 hours per week.
- From 4 January 2021 to $1,000 per fortnight and a lower rate of $650 for people working less than 20 hours per week
- The revised program will run from 28 September 2020 to 28 March 2021.
- Non-employing businesses will no longer be eligible for the JobKeeper Payment from this date.
- Businesses and non-profit organisations seeking to claim JobKeeper payment will need to reassess eligibility for the program based on actual turnover.
- From 28 September employers will need demonstrate that they have met the relevant decline in turnover under the test for the June and September quarters.
- From 4 January 2021 employers will need to further demonstrate a decline in turnover under the test for the June, September and December quarters.
- · Eligibility criteria for employees are unchanged.
For more information on the changes to the JobKeeper Payment including business eligibility and turnover tests, employee eligibility, payment rates and case studies, read the JobKeeper Fact Sheet here.