What is the Jobkeeper Payment?
Updated: May 30, 2020
The JobKeeper Payment is administered by the Australian Taxation Office (ATO).
The JobKeeper payment is open to eligible employers to enable them to pay their eligible employee’s salary or wages of at least $1,500 (before tax) per fortnight.
HOW JOBKEEPER WORKS
Eligible employers will be reimbursed a fixed amount of $1,500 per fortnight for each eligible employee.
Employers will need to pay eligible employees a minimum of $1,500 (before tax) per fortnight to claim the JobKeeper payment. This will be paid to the employer in arrears each month by the ATO. The first payments to eligible employers will commence in the first week of May 2020. JobKeeper payments can be made for the period beginning 30 March 2020.
If employers do not continue to pay their employees for each pay period, they will cease to qualify for the JobKeeper payment.
To be eligible for the JobKeeper payment, employers and their employees must meet a range of criteria.
IS MY BUSINESS ELIGIBLE
Employers will be eligible for the JobKeeper payment if all of the following apply:
On 1 March 2020, you carried on a business in Australia or were a not-for-profit organisation that pursued your objectives principally in Australia.
You employed at least one eligible employee on 1 March 2020.
Your eligible employees are currently employed by your business for the fortnights you claim for (including those who are stood down or re-hired).
Your business has faced either:
30% fall in turnover (for an aggregated turnover of $1 billion or less)
50% fall in turnover (for an aggregated turnover of more than $1 billion), or
15% fall in turnover (for ACNC-registered charities other than universities and schools)
Your business is not in one of the ineligible categories
WHAT DO I NEED TO DO?
Enrol for Jobkeeper
Identify and manage your eligible employees
Make a business monthly declaration
WHAT IF I NEED HELP?
CALL Jess at Anytime Assist on 0431 604 609