{"id":191,"date":"2020-08-25T08:25:00","date_gmt":"2020-08-25T08:25:00","guid":{"rendered":"https:\/\/epo2023.appletest.com.au\/?p=191"},"modified":"2023-10-26T08:29:15","modified_gmt":"2023-10-26T08:29:15","slug":"what-you-need-to-know-about-jobkeeper-extension","status":"publish","type":"post","link":"https:\/\/www.epayoffice.com.au\/what-you-need-to-know-about-jobkeeper-extension\/","title":{"rendered":"What You Need to Know About JobKeeper Extension"},"content":{"rendered":"\n

JobKeeper Extension (JobKeeper 2.0)<\/h2>\n\n\n\n

On 21 July 2020, the Australian Government announced plans to extend the JobKeeper Payment. Originally legislated to end on 27 September 2020, the payment has been extended to 28 March 2021.<\/p>\n\n\n\n

Employee Eligibility<\/strong><\/h3>\n\n\n\n

From 3rd<\/sup> August the employee eligibility has changed allowing employers until 31 August 2020 to meet the wage condition for all new eligible employees included in the JobKeeper scheme under the 1 July eligibility test (previously 1 March).  This means that any new eligible employees will have to be topped up and added to the scheme in ATO FN10 and FN11.<\/p>\n\n\n\n

Reduction of full rate per fortnight<\/strong><\/h3>\n\n\n\n

Currently, each JobKeeper recipient is receiving a flat $1,500 per fortnight payment, regardless of the amount of hours they complete. This is set to change in the upcoming extension.<\/p>\n\n\n\n

Starting on 28 September 2020, the full JobKeeper rate will be reduced to $1,200 per fortnight<\/strong>, and then reduced again on 4 January 2021 to $1,000 per fortnight<\/strong>.<\/p>\n\n\n\n

Only eligible employees that work over 20 hours and business participants will continue to receive the full JobKeeper Payment rate,<\/p>\n\n\n\n

Introduction of lower payment rate for those working fewer hours<\/strong><\/h3>\n\n\n\n

From 28 September 2020, JobKeeper is introducing a new lower payment tier. This tier is for employees and business participants working fewer hours than other eligible recipients.<\/p>\n\n\n\n

From 28 September 2020 to 3 January 2021, eligible recipients working less than 20 hours will get $750 per fortnight<\/strong>, followed by $650 per fortnight<\/strong> from 4 January 2021 until 28 March 2021.<\/p>\n\n\n\n

How to determine which tier your employees fall under<\/strong><\/h3>\n\n\n\n

To find out which tier your employees and business participants fall under, you need to perform a simple calculation.<\/p>\n\n\n\n

Put simply, if the eligible employees, in the four weeks of pay periods before 1 March 2020, were working in the business or not-for-profit organisation for 20 hours or more a week on average, they\u2019re entitled to the full JobKeeper Payment rate<\/strong>.<\/p>\n\n\n\n

Therefore, all other eligible employees and business participants \u2013 those who worked fewer than 20 hours per week in the four-week pay period before 20 March 2020 \u2013 will receive the lower JobKeeper Payment rate<\/strong>.<\/p>\n\n\n\n

As a business owner or not-for-profit, you\u2019ll be required to nominate which payment rate applies to each of your eligible employees and business participants.<\/p>\n\n\n\n

Requalification dates<\/strong><\/h3>\n\n\n\n

Both new and existing JobKeeper recipients will need to requalify <\/strong>to continue receiving JobKeeper from 28 September 2020 and then again in early January 2021.<\/p>\n\n\n\n

For obvious reasons, any business, not-for-profit or self-employed individual no longer eligible for JobKeeper after 28 September 2020 will cease to receive the JobKeeper Payment.<\/p>\n\n\n\n

To continue receiving JobKeeper from 28 September 2020 onwards, businesses, not-for-profits and the self-employed will need to demonstrate that they have experienced a significant decline in turnover due to the Coronavirus.<\/p>\n\n\n\n

This is achieved by calculating your actual GST turnover<\/em> as opposed to projected GST turnover<\/em>.<\/p>\n\n\n\n

Below are the following quarters in which recipients must report in order to requalify:<\/p>\n\n\n\n