Job Keeper 2.0 for business and employees;

September 10th, 2020 by igniite

Job Keeper 2.0 for business and employees;

What has changed.

Business-

To qualify for the first extension (28 September 2020 to 3 January 2021), you do not have to prove the 30% decline in revenue from April to June 2020. You only need to prove the 30% decline from July to September 2020.

To qualify for the second extension (4 January 2021 to 28 March 2021), you do not have to prove the 30% decline in revenue from July to September 2020. You only need to prove the 30% decline from October to December 2020.

Employees-

If you were newly employed as a full-time, part-time or fixed-term employee between 1 March and 1 July 2020, you are now eligible for either JobKeeper extension from your employer. The rate you receive will depend on how many hours you worked in the 2 fortnights before 1 July 2020.
If you are a long-time casual employee, the 12 month period of employment for JobKeeper 2.0 extension will now start from 1 July 2019. The rate you receive will depend on how many hours you worked in the 2 fortnights before 1 July 2020.
Employees that now qualify for JobKeeper payments from 1 July can receive back payments dating from August 3.
Employees who were aged 18 years or older, or were an independent 16 or 17 year old not undertaking full time study, at 1 July 2020 are now eligible.

What hasn’t changed

Businesses must still prove decline in actual GST revenue of:
50% for those with an aggregated turnover of more than $1 billion;
30% for those with an aggregated turnover of $1 billion or less; or
15% for Australian Charities and Not-for-profits Commission-registered charities (excluding schools and universities)