Jobkeeper 2.0 Payment from the ATO

Jobkeeper 2.0 has now been announced by the Government. This payment is extended until 28 March 2021.

If you are in the Jobkeeper scheme now, this will continue until 27 September 2020.

From 28 September 2020, your GST Turnover will need to be tested and if eligible (down by 30% or more), the payment rates are reduced.

  • From 28 September 2020 to 3 January 2021, the payment rate will be $1,200 per fortnight for all eligible employees who, in the four weekly pay periods before the reference period, were working in the business for 20 hours or more a week on average and for business participants who were actively engaged in the business for more than 20 hours per week, and $750 per fortnight for employees who were working in the business  for less than 20 hours a week on average and business participants who were actively engaged in the business less than 20 hours per week in the reference period.

 

  • From 4 January 2021 to 28 March 2021, the payment rate will be $1,000 per fortnight for all eligible employees who in the four weekly pay periods before the reference period, were working for 20 hours or more a week on average and for business participants who were actively engaged in the business for more than 20 hours per week, and $650 per fortnight for employees who were working for less than 20 hours a week on average and business participants who were actively engaged in the business for less than 20 hours per week in the reference period.

Sole Traders and Partnerships with no employees can still be in the Jobkeeper scheme if your turnover has reduced by more than 30% from 28 September 2020.

For further information – click here  https://treasury.gov.au/coronavirus/jobkeeper/extension

BAS Agents can assist with determining your eligibility, and lodging the monthly Jobkeeper report so you are reimbursed by the ATO.

Contact us for more assistance with this