Client pricing for this session is $770.Other organisations: For anyone wishing to arrange a private online JobKeeper session tailored to your organisation, please contact us via email or phone us at 03 9660 3500. And a new way to keep around half of Australia’s 13 million-strong workforce employed. However, individual eligible employees can choose not to participate. Therefore, a small business that forms part of a group that has an aggregated turnover of more than $1 billion must have at least a 50 per cent decline in turnover. Ultimate Guide to Workplace Policies and Procedures [2020]. the entity made a taxable supply in a tax period that started on or after 1 July 2018 and ended before 12 March 2020, and the Commissioner was notified on or before 12 March 2020 (or a later time allowed by the Commissioner). To register your interest in receiving the JobKeeper payment, follow this link to the ATO. counted towards the 80 hours regardless of whether it is at half pay or full pay. The payment will provide the equivalent of around 70 per cent of the national median wage. Employees are only eligible for JobKeeper payments from their permanent employer. Case studies, how-to guides, FAQs and free learning materials. The law was passed on the 16th September 2020 and outlines the ATO’s changes to eligibility for both employees and employers. Choose a profile below to find answers to your questions. Eligibility criteria for JobKeeper extension changed, Government announces changes to the decline in turnover test for businesses and the employee eligibility reference dates, JobKeeper 1.0 ends, first Jobkeeper 2.0 extension begins. During this unpaid leave, employees will still receive the same payments. Depending on whether your employer is still eligible, and how many total hours you worked in the two fortnights before you became an eligible employee (either 1 March or 1 July 2020, either works), you will receive: Employees can earn more than their relevant JobKeeper payment as long as they have worked enough to warrant further pay. The ATO has recently issued some guidance for employers in receipt of JobKeeper Payments. Bear in mind this percentage is 50% for businesses and NFPs with an aggregated turnover of more than $1 billion and 15% for Australian Charities and Not-for-profits Commission-registered charities (excluding schools and universities). JobKeeper payments are assessable income of the business that receives them. The JobKeeper Directives can alter some aspects of your employment contract. The ATO will be using Single Touch Payroll to assess employee eligibility. Anyone aged 18 or above can be eligible without proving independence. The JobKeeper Payment is administered by the Australian Taxation Office (ATO). Eligible employees able to earn $1,500 per fortnight immediately, up until 27 September 2020. h�bbd```b``.��+�d-�dY "����!�dM��� ��o �Y���>��19��d,=b{ԀH{�$���c`bd`b�30�L�g`��` L�J Businesses enrolled for JobKeeper must pay a minimum of $1,500 (before tax) per fortnight to all eligible employees, withholding income tax as appropriate. What if an eligible employee is earning more than the JobKeeper payment? The 80 hours must be actual hours worked so any hours worked overtime will count towards the 80 hours. Some of the information on this website applies to a specific financial year. To qualify for the second extension, you do not have to prove the 30% decline in revenue from July to September 2020. Are employees eligible for JobKeeper payments if they commence in a business after 1 July 2020? Is My Business Eligible for Cash Flow Boost? On 8 April 2020, the Coronavirus Economic Response Package of four bills was tabled and passed by Parliament. Those who were aged 18 years or older, or were an independent 16 or 17 year old not undertaking full time study, at 1 July 2020 are now eligible. Yes. an entity that is recently created to access the JobKeeper payment will not qualify; and, an amount was included in the entity’s assessable income for the 2018–19 income year in relation to it carrying on a business, and the Commissioner was notified on or before 12 March 2020 (or a later time allowed by the Commissioner); or. Only your employer can give you this information. You can only claim JobKeeper Payment for eligible employees if you pay the supplement per fortnight (before tax) to each eligible employee. Payments made to employees should be done in line with your regular pay period schedule. You will then need to compare the BAS statements for the quarter in 2020 with the same period in 2019 to prove your decline in turnover. The employees must have been employed by the same employer on 1 March 2020 and let go only after that date. If you have been given notice of termination, you can still earn payments for the duration of that notice until dismissed. Setup mygov and link to ATO online services, Amounts you don't need to include as income, Occupation and industry specific income and work-related expenses, Financial difficulties and serious hardship, Instalment notices for GST and PAYG instalments, Your obligations to workers and independent contractors, Encouraging NFP participation in the tax system, Australian Charities and Not-for-profits Commission, Departing Australia Superannuation Payment, Small Business Superannuation Clearing House, Annual report and other reporting to Parliament, Complying with procurement policy and legislation, Paying your eligible employees - Tax consequences, Aboriginal and Torres Strait Islander people. 30 March to 12 April, and 13 April to 26 April). ; an Australian resident (for social security law purposes); or. Our tax course provides the skills for a rewarding career. All sessions will be supported by our comprehensive training material. You can only claim JobKeeper Payment for eligible employees if you pay the supplement per fortnight (before tax) to each eligible employee. Entitlement only arises for JobKeeper fortnights and later fortnights in which eligible employers are registered under the scheme prior to the end of a fortnight. Implications for employees and employers Your employer will have already withheld tax before they paid you each fortnight. Certain entities cannot qualify for the JobKeeper scheme, including: An individual is an eligible employee of their employer for a fortnight where: An individual is excluded from being an eligible employee for a fortnight: The individual must give their employer a ‘nomination notice’ in the approved form. The package of bills received Royal Assent on 9 April 2020 and comprises the following Acts: There is a common Explanatory Memorandum that accompanies all of the bills. We know that times are challenging and navigating your way around complex changes can be stressful. Initially, employees received the JobKeeper payment based on their employment type (casual or permanent). This article summarises the Rules and incorporates supporting commentary from the explanatory materials, the Treasury fact sheets, and the ATO fact sheets, as well as relevant aspects of the Payments and Benefits Act and Omnibus Act. – First JobKeeper 2.0 extension ends, second extension begins, Both tier 1 and tier 2 rates are lowered for the remainder of the JobKeeper payment.
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