On 3 September 2020, the Australian Government enacted the
Coronavirus Economic Response Package (JobKeeper Payments)
Amendment Act 2020 (Cth) (the Act). The
purpose of this Act was to extend and amend the JobKeeper
provisions in the Fair Work Act 2009 (Cth) (the
FW Act).
Extension
The Act extends the JobKeeper provisions to 28 March 2021
JobKeeper Payment
The extended JobKeeper payment introduces a two-tier payment and
extension system for those businesses that continue to meet the
JobKeeper decline in turnover test. This is not set out in the Act
but will become law when amendments to the JobKeeper Rules are
registered.
Critically, the decline in turnover test will now be based on
the actual quarterly GST turnover of the previous quarter for each
extension period.
