What You Need to Know About JobKeeper 2.0

Jobkeeper update

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The JobKeeper Payment Scheme has been extended until 28 March 2021 however there is now a new ‘decline in turnover’ test that you will need to submit before 1 February 2021.

Existing eligible employers must submit the new ‘decline in turnover’ test before completing their business monthly declarations from 1 February 2021. You can be eligible for JobKeeper extension 2 even if you were not eligible for JobKeeper extension 1.

From 4 January 2021, employers must pay their eligible employees at least $1,000 per fortnight for tier 1 or $650 per fortnight for tier 2.

To check if you are eligible for JobKeeper, to enroll for the first time, or to complete the new ‘decline in turnover’ test head to the ATO website here: https://www.ato.gov.au/general/jobkeeper-payment/

NatRoad communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Our advisors are available to clarify any questions you have and provide the right advice for your business and workforce. Contact David at [email protected] or Richard at [email protected], or on (02) 6295 3000