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Perspective

Restrictions for JobKeeper wound back

Nina Hoang
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Stage 4 Restrictions in Victoria have resulted in the Federal Treasurer implementing changes to once again expand the JobKeeper 2.0 Scheme. This will apply to the extension period from 28 September 2020 to 28 March 2021. The changes meant the total cost of JobKeeper will amount to $101 Billion dollars. Find answers to all your questions below.

Who is an eligible employee?

The same groups of employees will be eligible to receive JobKeeper, except this has been expanded to include anyone employed as at 1 June 2020. Eligible employees are:

  • Currently employed by an eligible employer (including stood down or rehired)
  • Full time, part-time or fixed-term employee as 1 June 2020; or
  • A long-term casual (regular and systematic basis for at least 12 months) as at 1 June 2020
  • Self-employed, subject to the relevant turnover test, and are not a permanent employee of another employer
  • Were aged 18 year or older as at 1 June 2020
  • Australian resident

How much do I get per an employee, is it still $1500 per fortnight?

The new structure is different and the amount paid will depend on what type of employee you have and the payment period.

During 28 September 2020 – 3 January 2021

  • Full time workers (anyone who work over 20 hours per week) who are eligible will receive a subsidy of $1,200
  • Part time workers (anyone working 20 or less hours per week) who are eligible will receive $750.00

During 4 January 2021 – March 2021

  • Full time workers (anyone who work over 20 hours per week) who are eligible will receive $1,000
  • Part time workers (anyone working 20 or less hours per week) who are eligible will receive $650.00

I’m eligible for JobKeeper now, does that mean I automatically receive JobKeeper 2.0?

No there will be a new turnover test for each of the two periods of extension. But the new changes mean businesses only need to demonstrate a reduction in turnover for one quarter as opposed to multiple quarters.

  • To be eligible for the first JobKeeper Payment extension period (28 September 2020 to 3 January 2020) companies will need to demonstrate that their actual GST turnover has significantly fallen in the the September quarter 2020 relative to comparable periods such as 2019 quarters.
  • To be eligible for the second JobKeeper Payment extension period (4 January 2021 to 28 March 2021) companies will need to demonstrate their actual GST turnover has significantly fallen in the December 2020 quarter relative to comparable periods such as 2019 quarters.

Turnover decline required is:

  • 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)
  • 15% fall in turnover (for ACNC-registered charities other than universities and schools).
Nina Hoang
Published:

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