Updated: Oct 7, 2020
JobKeeper Extension is fast approaching us. If you have not received an email from us yet in regards to your current turnover and predicted eligibility after 28th September, please get in touch ASAP.
We have prepared a list of important dates for you and your business to be aware of so there are no surprises over the next few weeks.
28 September 2020 – JobKeeper extension 1 starts
From 28 September 2020, JobKeeper 2.0 begins. The first extension covers the JobKeeper fortnights between 28 September 2020 and 3 January 2021. To claim JobKeeper payments for this period, you will need to:
Show that your actual GST turnover has declined in the September 2020 quarter relative to a comparable period (generally the corresponding quarter in 2019). See the actual decline in turnover test
Pay your eligible employees at least the JobKeeper amount that applies to them each JobKeeper fortnight. For JobKeeper extension 1, this will be either $1,200 for tier 1 or $750 for tier 2. You will have until 31st October to make any JobKeeper 2.0 Top Ups if not sure of eligibility.
Tell the ATO whether the tier 1 (higher) or tier 2 (lower) payment rate applies to each eligible employee, eligible business participant or eligible religious practitioner. If you are already enrolled in JobKeeper and eligible for the extension, we do this in your business monthly declaration in November.
You must also tell your eligible employees, eligible business participant or eligible religious practitioners which payment rate applies to them within 7 days of notifying us of their payment rate. See, payment rates.
Between 1 and 14 October 2020
Complete the October JobKeeper monthly business declaration so you can be reimbursed for September fortnights.
Between 1 and 31 October
Check and submit the business actual decline in turnover online to be eligible for JobKeeper extension 1. If you are using our services to lodge your monthly declarations, we will continue to do so unless notified otherwise.
31 October 2020 – wage condition for JobKeeper extension 1
For the JobKeeper fortnights starting 28 September 2020 and 12 October 2020 only, the ATO are allowing employers until 31 October 2020 to meet the wage condition for all employees included in the JobKeeper scheme.
Between 1 and 14 November
Complete a monthly business declaration and tell us the payment tier being claimed for each eligible employee. Please get in touch if you would like us to do
When paying eligible employees, you do not need to adjust your pay cycle through your existing payroll solution If you usually pay your employees less frequently than fortnightly, the payment can be allocated between fortnights in a reasonable manner.
We have provided the employee email templates again, to send to your employees to notify them of any changes;
If you have any questions, please contact the office on 02 4402 8913, we are here to help.