COVID-19 | Updated JobKeeper Scheme

On 21 July 2020, the Federal Government announced that it would be extending the JobKeeper payment scheme for eligible employers until 28 March 2021.

The JobKeeper scheme, which was originally due to come to an end on 27 September 2020, will now be targeted towards those businesses and not-for-profits which continue to be significantly impacted by the COVID-19 pandemic.

Notably, new eligibility criteria and payment rates apply.

Eligibility

To be eligible for continued support under the JobKeeper scheme from 28 September 2020 to 3 January 2021, businesses and not-for-profits will be required to show that they are suffering an ongoing significant decline in turnover by reference to actual GST turnover. To do this, they will need to demonstrate the relevant decline in turnover by reference to their actual GST turnover in both the June 2020 and September 2020 quarters relative to comparable periods (which will generally be the 2019 corresponding quarters).