*** Extension Time to enrol for the JobKeeper scheme
- Extension has been given by the Commissioner to enrol for the initial JobKeeper periods, from 30 April 2020 until 5 June 2020.
- You will be able to claim for JobKeeper fortnights ending in April and May.
- You must meet all the eligbility requirements for each fortnight as mentioned below.
- First two fortnights (30 March to 12 April and 13 April to 26 April) have to be paid by 8 May 2020.
Jobkeeper Guide
All businesses or entities such as trusts, companies or partnerships and including sole traders are entitled to the JobKeeper payment program under business participation entitlement.
Who are Eligible to qualify for JobKeeper payment scheme
- Eligible business participant is entitled to $1,500 JobKeeper payment per fortnight.
- If you as a business owner that has employees or contractors, you are able to claim additional JobKeeper payment of $1,500 per fortnight per eligible employee or contractor.
The following conditions need to be met to qualify for this scheme:
- It has to be an individual not an entity.
- They have to be actively involved in the business carried by your entity at 1 March 2020 and for the fortnight you are claiming.
- Sole Trader.
- Partner in the partnership.
- Adult beneficiary of the Trust.
- Shareholder or Director of the company.
- The individual has to be at least 16 years of age.
- An Australian tax resident.
- They are currently not receiving Dad and Partner Pay or parental leave payment from the government.
- They are currently not receiving any payments from workers’ compensation due to incapacity to work.
- They are currently not receiving any JobKeeper payments from other Employers.
- Check that your business meets the turnover test.
- Eligible employees or contractors are at least employed in your business for at least 12 months as at 1 March 2020.
Business Entities that are eligible
Your business may qualify if the following criteria are met:
- It carried on a business in Australia from 1 March 2020.
- It has met the fall in turnover test for the relevant period.
- It has an ABN on 12 March 2020.
- It has lodged on or before 12 March 2020 on at least one of these two area
- 2018-2019 income tax showing that it had an assessable income in relation to its carrying on a business, OR
- An activity statement or GST return for any period starting from 1 July 2018 and ended before 12 March 2020 showing it has made a taxable sales.
Business Turnover Test
- 30% fall in turnover for business revenue of $1 billion or less
- 50% fall in turnover for business revenue of more than $1 billion
- 15% fall in turnover including donations and gifts for ACNC registered charity exclude schools and universities
The Dos and Don’t to be in the JobKeeper scheme
- Make sure they are not in receipt of JobKeeper payment from other employers.
- You must pay your employees or contractors a minimum of $1,500 (before tax) to each elgibile employee or contractor each fortnight starting from 30 March – 12 April.
- You must continue to pay them every subsequent fortnight until 27 September 2020 or until any of your employees or contractors stop being eligible for the payment.
- You must pay your employees or contractors $1,500 per fortnight.
- You cannot keep the difference if you pay your employees or contractors less than $1,500 per fortnight.
- If you pay your employees or contractors less than $1,500 per fortnight, then your business is not eligible for this scheme.
Quick Contact
Important dates:
- Enrol JobKeeper payment from 20th April.
- Pay your employees to claim JobKeeper payments for April by 30th April.
- From 4th May, identify your employees who are eligible.
- Every month, reconfirm your eligible employees who qualify for the JobKeeper program.
- ATO has given all business owners and employees who are affected until end of May.
Entities that are not eligible for the JobKeeper scheme
- a Not-for-Profit organisation
- an Australian government agency
- a Local governing body
- a Sovereign entity
- An entity that is wholly owned by Austrlian government agency or local governing body
- A company in liqudation
- An individual who is in bankruptcy
- A major bank levy imposed on the entity or a member of its consolidated group for any quarter before 1 March 2020
Make monthly declaration
- You must reconfirm your list of employees or contractors that are eligible for this payment assistance.
- If any of your employee or contractor leave the employment, you need to notify the ATO through monthly declaration report.
- An assessment of your current turnover and projected GST turnover needs to be made beginning of the month.