The JobKeeper Payment has been extended by two further three month periods to March 2021, but from now on eligibility for the payment will be based on actual quarterly turnover for the September and/or December quarters. The payment rate will be reduced for all participants, and a new lower payment rate (a tier 2 rate) will be introduced for those who work fewer than 20 hours per week.
To be eligible for JobKeeper Payments from 28 September 2020 to 3 January 2021, businesses must reassess their eligibility and demonstrate they have met the relevant decline in actual GST turnover (usually 30%) for the September 2020 quarter compared to a comparable period (generally the corresponding September quarter in 2019).
For us to be able to assist you with is process we need your September quarter information as soon as possible so we can reassess your eligibility for Jobkeeper 2.0.
The initial tier 1 rate will be $1,200 per fortnight. Tier 1 is for eligible employees who were working 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 eligible business participants who were actively engaged in the business for 20 hours or more per week on average during February 2020.
The initial tier 2 rate will be $750 per fortnight. Tier 2 rate applies for all other eligible employees and business participants.
These payment rates will again reduce after 3 January 2021, and eligibility will again need to be reassessed based on the December 2020 quarter.
Last Updated 2/10/20