JobKeeper 2.0 released today

Great News - today the government announced a revised Job Keeper program to continue from the end of September in 2 tranches to March 2021.


The JobKeeper Payment, which was originally due to run until 27 September 2020, will now continue to be available to eligible businesses (including the self-employed) and not-for-profits until 28 March 2021.


The JobKeeper Payment rate

From 28 September 2020 to 3 January 2021, the JobKeeper Payment rates will be:

  • $1,200 per fortnight for all eligible employees who, in the four weeks of pay periods before 1 March 2020, were working in the business or not-for-profit for 20 hours or more a week on average, and for eligible business participants who were actively engaged in the business for 20 hours or more per week on average in the month of February 2020; and

  • $750 per fortnight for other eligible employees and business participants.

From 4 January 2021 to 28 March 2021, the JobKeeper Payment rates will be:

  • $1,000 per fortnight for all eligible employees who, in the four weeks of pay periods before 1 March 2020, were working in the business or not-for-profit for 20 hours or more a week on average and for business participants who were actively engaged in the business for 20 hours or more per week on average in the month of February 2020; and

  • $650 per fortnight for other eligible employees and business participants.

The JobKeeper Payment will continue to be made by the ATO to employers in arrears. Employers will continue to be required to make payments to employees equal to, or greater than, the amount of the JobKeeper Payment, based on the payment rate that applies to each employee.


Link below - Treasury Fact Sheet

https://treasury.gov.au/sites/default/files/2020-07/Fact_sheet-JobKeeper_Payment_extension.pdf


Comprehensive PDF download - click the link below

JobKeeper 2.0
.pdf
Download PDF • 1.43MB



If you feel you may now qualify for the Job Keeper program - please let us know


For those clients we are already assisting our team will continue to assess your eligibility and be in touch accordingly.


Adrian De Vito - CPA

Principal

Clear Accounting Solutions

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