JobKeeper Payment

Website | Fact Sheet

The PM announced further support for Business.

If your business has been significantly impacted by the Coronavirus you will be able to access a wages subsidy to continue paying your employees & keep your staff for when the crisis is over.

Under the JobKeeper program, you will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum of six months.

This also applies to businesses without employees such as the self-employed.

We don’t have all the answers as there are still many details to be finalised and is likely to change between now and its implementation (expected to pass through parliament 1-2 weeks time) but what we do currently know :

  • In order to receive the JobKeeper Payment you need to ;
    • Enroll your intention to apply for the payment via the ATO (we have done this for you)
    • Register for the payment through a new ATO Portal (once available)
    • Assess eligibility and report this information to ATO (i.e. Turnover downturn & employees as at 1 March 2020)
    • Ensure each eligible employee receives at least $1500 per fortnight (before tax)
    • Notify eligible employees that they are receiving the JobKeeper Payment
    • Report required information to the ATO monthly to continue receiving the JobKeeper subsidy
  • This is a special payment – it is not part of Ordinary Wages or STP & does not accrue Superannuation
  • For employers operating within Single Touch Payroll (STP) reporting will be done automatically through this system & payment will be generated
  • For employers not operating under Single Touch Payroll (STP), you may need to log into a separate JobKeeper portal each time you pay staff to report (hence you should get onto STP asap)
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