Extension of the JobKeeper Payment – Information for businesses and not-for-profits

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We confirm that the Government has extended the JobKeeper Payments by a further 6 months to March 2021. Please note the following changes:

Changes to Employee Eligibility 

Employees that meet the eligibility requirements can now be nominated by a new employer if their original employment with a JobKeeper employer ended before 1 July 2020.

Extension of JobKeeper Payments

These changes take effect from 28 September 2020

  • The required fall in GST turnover percentages remain the same
    • 30% for an aggregated turnover of $1 billion or less
    • 50% for an aggregated turnover of more than $1 billion
    • 15% for ACNC-registered charities other than universities and schools
  • There is now a tier 1 and tier 2 Jobkeeper rate
  • Tier 1 rate applies for:
    • Eligible employees who worked for 80 hours or more 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 80 hours or more in February 2020.
  • Tier 2 rate applies for other eligible employees and business participants

Employers and businesses will need to nominate the rate they are claiming for the eligible employees and/or eligible business participants

Please contact our office on 07 5585 0600 if you require any assistance.

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Kelsie Bunt

Kelsie is our amazing client services co-ordinator and keeps more wheels turning in our company than anyone really knows! It's even in her Position Description to keep the boss Chris under control!

About Keypoint Accountants: Innovative Gold Coast Accounting for Your Business

WE’RE ABOUT YOUR BUSINESS TRANSFORMATION: Our goal is to transform YOUR business with better strategic action. Our team delivers excellence in Accounting and practical strategic advice helping you to grow your business exponentially. We guarantee results.

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