Jobkeeper 2.0

What is the Scheme?

Jobkeeper 2.0 is a 2-tiered system that will run from 28 September 2020 to 28 March 2021. Someone eligible for the first three months of Jobkeeper 2.0 (October to December) may not be eligible for the second three months of Jobkeeper 2.0 (January to March). Unlike the initial Jobkeeper Scheme, the criteria is based on actual turnover for each quarter, rather than projected turnover.

Eligibility Criteria:

Extension 1 (covers October to December 2020): Decline in ACTUAL turnover of 30% for businesses for the September Quarter 2020 compared to the September Quarter 2019.

Extension 2 (covers January to March 2021): Decline in ACTUAL turnover of 30% for businesses for the December Quarter 2020 compared to the December Quarter 2019.

Eligible Employees:

Employment date of July 1 2020 for Full-time or Permanent Part-time or 1 July 2019 for casuals. This has been amended from 1 March 2020 in the original Scheme.

Payment Rates:

Extension 1: If an employee or business participant worked under 20 hours on average per week prior to 1 July 2020 they are eligible for $750 per fortnight. If an employee or business participant worked over 20 hours on average per week prior to 1 July 2020 they are eligible for $1,200 per fortnight.

Extension 2: If an employee or business participant worked under 20 hours on average per week prior to 1 July 2020 they are eligible for $650. If an employee or business participant worked over 20 hours on average per week prior to 1 July 2020 they are eligible for $1,000 per fortnight.

Stopping JobKeeper for clients ineligible for Jobkeeper 2.0

If you are currently eligible for the JobKeeper Payment Scheme but will no longer be eligible, there is no need to worry. After reporting the September Turnover, we simply stop reporting and will no longer receive the payment after October.

If you have any questions or queries regarding any of this information, please get in contact with us.

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