The Australian Federal Government has issued another update to the JobKeeper scheme, which relates to any additional employees who qualify for the current scheme from 3 August to 28 September 2020.
If you have any staff member who:
- was employed on a full time or part time basis as at 1 July 2020, and was hired after 1 March 2020, or
- is a long term casual staff member, who was employed for 12 months as at 1 July 2020…
…then you must provide them with nomination forms by Monday 24 August 2020 and ensure they are paid any JobKeeper catch-up amounts by Monday 31 August 2020.
The JobKeeper amount is two (2) fortnight’s worth. You need to assess what you paid to each eligible employee in the 3 to 16 August 2020 period, and the 17 to 30 August 2020 period to ensure they are paid a minimum of $1,500 for each fortnight.
Speak to your local Bentleys tax advisor for any JobKeeper assistance.
We, at Bentleys, are doing everything we can to help businesses come out of this challenging time in good shape.
We will continue to update our COVID-19 resource hub with important developments, so please return soon.
Disclaimer: This information is general in nature and should not be relied on as advice. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs and seek professional advice before making any decisions based on this information.
COVID-19: A summary of Australia's tax measures
The governments of Australian states and territories have also released independent stimulus packages. For an overview of all Australian measures, click here.
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