JobKeeper 2.0 has landed and new tests apply

The first tranche of JobKeeper ends on 27 September 2020. Those needing further support will need to reassess their eligibility and prove an actual decline in turnover.

To receive JobKeeper 2.0 from 28 September 2020, eligible employers need to assess their decline in turnover with reference to actual GST turnover for the September 2020 quarter (for JobKeeper payments between 28 September to 3 January 2021), and again for the December 2020 quarter (for payments between 4 January 2021 to 28 March 2021).

From 28 September 2020, the JobKeeper payment rate will reduce and split into a higher and lower rate based on the number of hours the employee worked in a specific 28 day period prior to 1 March 2020 or 1 July 2020.

To access JobKeeper payments from 28 September 2020, there are three questions that need to be assessed:

Is my business eligible?

Am I and/or my employees eligible? and

What JobKeeper rate applies?

We’ve summarised the key details in this update.

Let us know if we can assist you in any way.

Click on the image to download the guide:

Celebrate the End of Financial Year with your team and ours

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Say hello to Borim Choi, Accountant.

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