JobKeeper 2.0 rules have now been released. The scheme was to end on 28 September but has now been extended until 28 March 2021.
- From 28 September 2020
- Employers need to demonstrate that their actual GST turnover has fallen against a comparable period.
- Tier 1 and tier 2 JobKeeper rates apply and are generally based on average hours worked by employees.
- Extension 1 is from 28 September 2020 to 3 January 2021
- Tier 1 will be $1,200 per fortnight and tier 2 $750 per fortnight.
- Extension 2 is from 4 January 2021 to 28 March 2021
- Tier 1 will be $1,000 per fortnight and tier 2 $650 per fortnight.
- For the JobKeeper fortnights starting 28 September 2020 and 12 October 2020 only, they are allowing employers until 31 October 2020 to meet the wage condition for all employees included in the JobKeeper scheme.
For further details from the ATO website, please click here
