Over the past few weeks much noise has been made about JobKeeper and demands to extend it, review it, amend it. On Tuesday 21 July, the Morrison Government addressed these concerns about JobKeeper and outlined the changes that would see the subsidy extended.
There are a couple of key points that will impact businesses currently accessing JobKeeper or for businesses that may need to apply as Covid-19 continues to impact…
JobKeeper will now extend through to until 28 March, 2021. The program was originally due to run only until 27 September, 2020.
The current payment rate of $1500 will be reduced from 28 September 2020 and will be broken down across two tiers:
Eligibility for businesses and not for profits will be retested in October and again in early January.
To be considered eligible, the criteria remains the same:
Note that is a business or not for profit doesn’t meet the additional turnover tests that relate to the extension period, their eligibility for the period prior to 28 September is not affected.
Additionally, it is important to know that the JobKeeper Enabling Directions legislation has also been extended and will continue to apply for all businesses who remain eligible for the JobKeeper subsidy.
The extension of the subsidy will allow many businesses to breathe a sigh of relief but it may also raise more questions. Please contact the HR Staff n’ Stuff team if you need further guidance as to how this announcement may impact you.
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