On 1 September 2020, the Federal Government passed the
Coronavirus Economic Response Package (JobKeeper Payments)
Amendment Bill 2020 which has enabled the extension of the
JobKeeper scheme. In this article we summarise the main points of
the extended scheme, dubbed JobKeeper 2.0.
Employer eligibility
When the JobKeeper scheme was originally implemented in March
2020, it was expected to be available until 27 September 2020. Due
to the continuing financial turmoil created by the global COVID-19
pandemic, the scheme has now been extended in two stages.
Stage 1: 28 September 2020 to 3 January
2020
To be eligible for continued support under the JobKeeper scheme
from 28 September 2020 to 3 January 2021, businesses and
not-for-profit enterprises will be required to show that they are
suffering an ongoing significant decline in turnover by reference
to actual GST turnover.
