JobKeeper 2.0 starts in 3 weeks time. Here are some key points:
What has changed?
- Eligibility Test
- Rates of assistance for employees working more than and less than 20 hours per week
Eligibility Test
- To Qualify for the December 2020 Quarter your Actual GST Turnover for the September 2020 Quarter must be at least 30% less than the September 2019 Quarter.
- To Qualify for the March 2021 Quarter your Actual GST Turnoverfor the December 2020 Quarter must be at least 30% less than the December 2019 Quarter
Rates of Assistance
December Quarter
- $1,200 per fortnight for all eligible employees who were working in the business for 20 hours or more a week on average in the four weeks of pay periods before either 1 March 2020 or 1 July 2020, and for eligible business participants who were actively engaged in the business for 20 hours or more per week on average; and
- $750 per fortnight for other eligible employees and business participants.
March Quarter
- $1,000 per fortnight for all eligible employees who were working in the business for 20 hours or more a week on average in the four weeks of pay periods before either 1 March 2020 or 1 July 2020, and for business participants who were actively engaged in the business for 20 hours or more per week on average; and
- $650 per fortnight for other eligible employees and business participants
For more information on how qualification criteria and rate of pay may effect your business please contact us.
