JobKeeper 2.0 - What's new?
The first tranche of JobKeeper ends on 27 September 2020. Those needing further support will need to reassess their eligibility and prove an actual decline in turnover.
Extensions to the JobKeeper scheme
Extention 1: 28 September 2020 - 3 January 2021
Extention 2: 4 January 2021- 28 March 2021
To access JobKeeper payments from 28 September 2020, there are three questions that need to be assessed:
1. Is my business eligible?
2. Am I and/or my employees eligible? and
3. What JobKeeper rate applies?
Eligible employers will need to assess their decline in turnover with reference to actual GST turnover for the September 2020 quarter (for JobKeeper payments between 28 September to 3 January 2021), and again for the December 2020 quarter (for payments between 4 January 2021 to 28 March 2021).
From 28 September 2020, the JobKeeper payment rate will reduce and split into a higher and lower rate based on the number of hours the employee worked in a specific 28 day period prior to 1 March 2020 or 1 July 2020.
For more information on reference periods, eligible employers and business owners as well as the decline in turnover test, read more below: