{"id":120822,"date":"2020-07-23T08:58:45","date_gmt":"2020-07-23T08:58:45","guid":{"rendered":"http:\/\/simplesolutionsaccounting.com.au\/?p=120822"},"modified":"2020-07-23T08:58:45","modified_gmt":"2020-07-23T08:58:45","slug":"jobkeeper-2-0-everything-you-need-to-know","status":"publish","type":"post","link":"https:\/\/simplesolutionsaccounting.com.au\/2020\/07\/23\/jobkeeper-2-0-everything-you-need-to-know\/","title":{"rendered":"JobKeeper 2.0 – Everything you need to know"},"content":{"rendered":"
The second tranche of the JobKeeper scheme changes the eligibility test for employers and the method and amount paid to employees.<\/p>\n
If your business currently receives JobKeeper, your arrangements will generally remain unchanged until 27 September 2020. From 28 September 2020, employers seeking to claim JobKeeper payments will need to reassess their eligibility and prove an actual decline in turnover.<\/p>\n
To continue receiving JobKeeper payments, employers will need to reassess their eligibility with reference to actual GST turnover for the June and September 2020 quarters (for payments between 28 September to 3 January 2021), and again for the June, September and December 2020 quarters (for payments between 4 January 2021 to 28 March 2021).<\/p>\n
The broad eligibility tests to access JobKeeper remain the same with an extended decline in turnover test.<\/p>\n
1 March 2020 is an absolute date. An employer that had ceased trading, commenced after 1 March 2020, or was not pursuing its objectives in Australia at that date, is not eligible.<\/p>\n
*Additional tests apply from 28 September 2020.<\/em><\/p>\n To receive JobKeeper payments from 28 September 2020, businesses will need to meet the basic eligibility tests and an extended decline in turnover test based on actual GST turnover<\/strong>.<\/p>\n The decline for both of the quarters needs to be met to continue receiving JobKeeper payments.<\/td>\n * Alternative tests potentially apply where a business fails the basic test and does not have a relevant comparison period.<\/em><\/p>\n Most businesses will generally use their Business Activity Statement (BAS) reporting to assess eligibility. However, as the BAS deadlines are generally not due until the month after the end of the quarter, eligibility for JobKeeper will need to be assessed in advance of the BAS reporting deadlines<\/strong> to meet the wage condition for eligible employees. However, the ATO will have discretion to extend the time an entity has to pay employees in order to meet the wage condition.<\/p>\n Alternative arrangements are expected to be put in place for businesses and not-for-profits that are not required to lodge a BAS (for example, if the entity is a member of a GST group).<\/p>\n The Commissioner of Taxation will have discretion to set out alternative tests that would establish eligibility in specific circumstances where it is not appropriate to compare actual turnover in a quarter in 2020 with actual turnover in a quarter in 2019, in line with the Commissioner\u2019s existing discretion.<\/p>\n Employee eligibility will remain broadly the same but the value of the payment will change from 28 September based on average weekly hours in February 2020.<\/p>\nAdditional decline in turnover tests<\/span><\/h3>\n
\n\n
\n \u00a0<\/strong><\/td>\n 30 March to 27 September 2020<\/strong><\/span><\/td>\n 28 September to 3 January 2021<\/strong><\/span><\/td>\n 4 January 2021 to 28 March 2021<\/strong><\/span><\/td>\n<\/tr>\n \n Decline in turnover<\/strong><\/span><\/td>\n Projected GST turnover for a relevant month or quarter is expected to fall by at least 30% (15% for ACNC-registered charities, 50% for large businesses) compared to the same period in 2019.*<\/td>\n Actual GST turnover in the June and September 2020 quarters<\/strong> fell by at least 30% (15% for ACNC-registered charities, 50% for large businesses) compared to the same periods in 2019.<\/p>\n Actual GST turnover in the June, September and December 2020 quarters<\/strong> fell by at least 30% (15% for ACNC-registered charities, 50% for large businesses) compared to the same periods in 2019. The decline for all three of the quarters needs to be met to continue receiving JobKeeper payments.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Alternative tests<\/span><\/h4>\n
Eligible employees<\/span><\/h2>\n
\n
\n