JobKeeper Payment Changes

The government has introduced changes to the JobKeeper Payment, making it easier for you and your business clients to qualify. The new rules have now been registered and are effective from 3 August 2020.

• employees’ eligibility for the JobKeeper Payment can now be assessed from 1 July 2020, rather than 1 March 2020
• employees can now be nominated by new employers if their employment has changed since the JobKeeper Payment began. However, they can still only be nominated by one employer at any given time
• employers have until 31 August 2020 to meet the wage condition for new eligible employees under the 1 July eligibility test for:

• • Fortnight 10 – commencing on 3 August, and
  • Fortnight 11 – commencing 17 August 2020.

Businesses can claim reimbursement for their new eligible employees between 1 and 14 September 2020, when they lodge their August monthly declaration.

Your eligible business and not-for-profit clients can still enrol at any time until the program closes.

Further announcements and guidance on the extension to JobKeeper are subject to the passage of legislation by the Australian Government.

Visit ato.gov.au/jobkeeper for the latest information.

How can we help?

If you need assistance with understanding any of these recent announcements, please feel free to give me a call so that we can discuss your particular requirements in more detail.

Tes Jordan
SMSF Specialist Advisor, Director
0404 051 557
Tes@waigroup.com.au