JobKeeper Payment Legislation Has Been Passed By The Australian Government

Legislation was passed for the JobKeeper payment by The Australian Government on 8 April 2020.

This $130 billion dollar package aims to help more Australians keep their job by allowing a business or not-for-profit organisation impacted by the Coronavirus to access a subsidy so they can keep paying their employees. From 30 March, 2020 affected employers will be able to claim a $1500 payment per fortnight, per eligible employee for a maximum period of 6 months.

If you intend to apply for JobKeeper, please register you interest via the ATO website here.

Whilst the government encourages businesses to start paying the $1500 per eligible employee now, payments will be made by the ATO in the first week of May and then monthly in arrears. However, the business and its employees will still be subject to the eligibility criteria in order to receive a payment.

Below is a flow chart with more information about who may be eligible for the payment. However, this is based on the limited information available to us and is subject change:

 


Disclaimer: The information contained herein is of a general nature only and is not intended to be relied upon nor is it a substitute for appropriate professional advice. Whilst all care has been taken in the preparation of the material, it is not guaranteed to be accurate. Individual circumstances are different and as such, require specific examination. Asparq cannot accept liability for any loss or damage of any kind arising out of the use of or reliance upon all or any part of this material. Additional information may be made available upon request.