On 21 July 2020, the Government announced that JobKeeper Payment would be extended until 28 March 2021 to provide further support for COVID-19 affected businesses and households, with tightened eligibility rules and lowered payment rates, from 28 September 2020.
There are no changes to the pre-existing JobKeeper regime until 28 September 2020.
There are lower payment rates and conditions from 28 September 2020, based on the following two periods:
- The period from 28 September 2020 to 03 January 2021;
- The period from 04 January 2021 to 28 March 2021.
The turnover test is being tightened and payment rates will change from 28 September 2020; however, other eligibility rules for businesses and not-for-profits and their employees remain unchanged.
Read the detail in this Client Alert.
If you would like more information or assistance with you JobKeeper requirements please don’t hesitate to contact us.