Part 2 — JobKeeper Payment Rules for Employers and Employees (20.04.20)
Ian Campbell • 22 April 2020
Introduction
The JobKeeper Payment will support employers to maintain their connection to their employees.
These connections will enable business to reactivate their operations quickly — without having to rehire staff — when the crisis is over.
Simplified outline
The JobKeeper scheme starts on 30 March 2020 and ends on 27 September 2020.
A business that has suffered a substantial decline in turnover can be entitled to a JobKeeper payment of $1,500 per fortnight for each eligible employee.
It is a condition of entitlement that the business has paid salary and wages of at least that amount to the employee in the fortnight.
A business can also be entitled to a JobKeeper payment of $1,500 per fortnight for one business participant who is actively engaged in operating the business.
The JobKeeper scheme is administered by the Commissioner of Taxation.
The Commissioner pays the JobKeeper payment to entities shortly after the end of each calendar month, for fortnights ending in that month.
Some of the administrative arrangements for the scheme are set out in the Act.
Downloadable Resources:
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