The third and at this stage final tranche of Jobkeeper runs from 4 January 2021 to 28 March 2021.
The requirements are essentially the same as the previous tranches, the main item being the decline in turnover.
For clients already enrolled in JobKeeper, to receive payments from 4 January 2021, they need to show actual GST turnover in the December 2020 quarter (October, November & December) fell by at least 30% compared to the same period in 2019.
For clients enrolling for the first time there are requirements in addition to the above turnover test. Please contact our office if you are unsure of your eligibility.
For more information on the Basic decline in turnover tests see https://www.ato.gov.au/General/JobKeeper-Payment/In-detail/Actual-decline-in-turnover-test/.
The payment rates for JobKeeper will reduce as follows:
Tier 1 – $1,000 per fortnight (down from $1,200) for employees or business participant working 80 hours or more in the 28 day reference period,
Tier 2 – $650 per fortnight (down from $750) for employees or business participant working less than 80 hours in the 28 day reference period.
For more information on the reference period see https://www.ato.gov.au/General/JobKeeper-Payment/Payment-rates/80-hour-threshold-for-employees/
Please contact Brealey Quill Kenny Canning Vale, should you have any questions with the above on 9256 2777.