[vc_row][vc_column][vc_column_text]Hello everyone,
In the interest of expediency we have included links below to three fact sheets relating to the March 30 Job Keeper announcements.[/vc_column_text][mk_button dimension=”flat” corner_style=”rounded” size=”medium” url=”https://treasury.gov.au/coronavirus/jobkeeper/” target=”_blank” align=”none”]JobKeeper Fact Sheets[/mk_button][vc_column_text]When the actual legislation is released we will be better placed to advise you of the detail but note in the meantime you may wish to register your Interest on the ATO Website. These measures will greatly assist those employers and employees who have suffered or expect to suffer a 30% decline in turnover.[/vc_column_text][mk_button dimension=”flat” corner_style=”rounded” size=”medium” url=”https://www.ato.gov.au/general/gen/JobKeeper-payment/” target=”_blank” align=”none”]JobKeeper Payment Info[/mk_button][vc_column_text]
Broadly
- Under the JobKeeper Payment, eligible Employers (and sole traders) will be able to access a subsidy ($1500 per fortnight per eligible employee) from the Government to continue paying their employees.
- This assistance can be for a period of up to 6 months.
- Employer eligibility:
- Employers business income has dropped by more than 30% relative to a comparable period a year ago (of at least a month) (and turnover less than $1 billion)
- Employers must Elect to participate in the scheme
Eligible employees:
- Employee on 1 March 2020 and continues to be engaged by that employer.
- Employees that have been terminated but are then re-engaged/re-hired by a business that was their employer on 1 March 2020.
- Includes full-time, part-time and long term casuals (been with the employer on a regular basis for at least the previous 12 months as at 1 March 2020) and stood down employees.
- Employee needs to be an Australian citizen or permanent visa holder or some other special category visa holder.
- Self employed individuals will be eligible to receive the JobKeeper Payment where they have suffered or expect to suffer a 30% decline in turnover relative to a comparable prior period.
- Where employees have multiple employers – only ONE employer will be eligible to receive the payment.
- Employees who have applied or are already receiving Centrelink/Government support through JobSeeker, Coronavirus Supplement (extra $550fn) or Support Payments ($750 + $750) will need to advise Services Australia (Centrelink) of their JobKeeper income.
Payment process:
- Eligible employers will be paid $1,500 per fortnight per eligible employee from 30 March 2020
- Payments will be made to the employer monthly in arrears by the ATO (starting in the first week of May) so cash flow may still be an issue.
Please contact us directly should you wish to discuss this or other COVID-19 incentives.
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