Changes to JobKeeper 2.0

The Treasurer has announced several significant changes to JobKeeper 2.0. These changes, in response to the expected economic impact of restrictions in Victoria, should result in more employers and employees either retain or become eligible for Jobkeeper.

There are two changes to the JobKeeper extension announced on 21 July 2020.

  1. To receive JobKeeper from 28 September 2020, employers will need to reassess their eligibility with regard to actual GST turnover for the September 2020 quarter (for JobKeeper payments between 28 September to 3 January 2021), and again for December 2020 quarter (for payments between 4 January 2021 to 28 March 2021). The requirement to test for the June 2020 quarter has been removed.
  2. The eligible employee test will also be modified. This test will now require that the employee was employed on 1 July 2020 rather than 1 March 2020. This will expand the scheme to include employees who have been employed during the period 1 March 2020 to 1 July 2020.

Should you have any queries in relation to the above information, please do not hesitate to contact Brealey Quill Kenny, Canning Vale by email, admin@bqk.com.au or by phone, 9256 2777

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JobKeeper 2.0 applies from 28 September 2020The first tranche of JobKeeper ended on 27 September 2020 (commenced 30 March 2020).  The second tranche runs from 28 September to 3 January 2021 and the third tranche runs from 4 January 2021 to...
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