On 21 July, the Government declared it is broadening the JobKeeper Payment until 28 March 2021 and is focusing on helping those businesses affected by the Coronavirus. From 28 September 2020, qualification for the JobKeeper Payment will be determined on GST turnover in the pertinent periods, and the installment will be reduced and paid at two rates.
From 28 September 2020, Businesses eligibility will be assessed on turnover in the June and September quarters 2020. Successful recipients will show that they have met the decline with a decrease in turnover tested in both quarters to be qualified for JobKeeper starting from 28 September 2020 to 3 January 2021.
Businesses must additionally reassess their qualification in January 2021 for the period from 4 January to 28 March 2021. They should demonstrate that they have met the decrease in turnover test in every quarter to stay qualified for the March 2021 quarter.
The JobKeeper installment rate is to be decreased and paid at two scales:
- From 28 September 2020 to 3 January 2021, the installment rate will be $1,200 per fortnight for every qualified worker who was employed in the business for over 20 hours each week and $750 per fortnight for employees who were working in the business for under 20 hours per week on average.
- From 4 January 2021 to 28 March 2021, the installment rate will be $1,000 per fortnight for every qualified worker who was employed in the business for over 20 hours each week and $650 per fortnight for employees who were working in the business for under 20 hours per week on average.
If you need assistance to assess your eligibility or apply, please contact our office on 07 38232344. We offer a complete JobKeeper application service.