Tuesday 21 July 2020

Federal Government Announces JobKeeper 2.0

The Federal Government’s JobKeeper Payment will be extended in a modified format until 28 March 2021.

This is great new for businesses across Australia who have been impacted by Covid-19.

The Federal Government announced today that it is extending the JobKeeper Payment until 28 March 2021, in a targeted effort to support those employers who are continuing to be impacted by Covid-19:

• The existing JobKeeper Payment will remain in place until 27 September 2020.: ATO website.

• From 28 September 2020, the JobKeeper Payment will be targeted to employers that have been significantly impacted, the payment rates will be stepped-down and two tiers of payment will be introduced. Non-employing businesses will no longer be eligible for the JobKeeper Payment from this date.

If you currently receive JobKeeper Payment it remains unchanged and available until 27 September 2020. From 28 September 2020, employers seeking to claim JobKeeper Payments will be required to reassess their eligibility for the JobKeeper extension with reference to their actual turnover. The JobKeeper extension will be available to qualifying businesses from 28 September 2020 until 28 March 2021.

The ATO is administering the JobKeeper Payment and detailed information and guidance on JobKeeper is available on the ATO website.