JobKeeper 2.0

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The Treasurer announced some significant changes to JobKeeper 2.0. The changes were announced in response to the predicted economic impacts that will result as a result of the severe restrictions in Victoria.

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

Employers will now re-test their eligibility to participate in the scheme as follows:

 Periods  Test… …against
 28 September 2020 –
4 January 2021
 Actual GST turnover in the September 2020  quarter  Actual GST turnover in the September 2019 quarter
 4 January 2021 –
28 March 2021
 Actual GST turnover in the December 2020 quarter  Actual GST turnover in the December 2019 quarter

 

Previously, employers were required to test the June and September 2020 quarters for the period 28 September 2020 to 4 January 2021, and the June, September and December 2020 quarters for the period 4 January 2021 to 28 March 2021.

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.

You can purchase our latest presentation, “JobKeeper 2.0” by clicking here.

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