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ARTICLE · 23 JULY 2020

JobKeeper 2.0 – turnover test and payment changes

Key changes to the JobKeeper program and commentary.

AustraliaEmployment and HR

On 21 July 2020 the Prime Minister announced the extension of the JobKeeper program through to March 2021. Importantly there are no changes to eligibility or payment levels for the period to the end of September 2020.

Beyond that, a two tiered scheme will be introduced with separate levels of payments being made for full and part time workers. Further, the turnover test will be strengthened by requiring an actual reduction in turnover of more than 30% in each of the June and September 2020 quarters in order for an employer to be eligible for JobKeeper in the December 2020 quarter. An employer will only be eligible for JobKeeper in the March 2021 quarter if it suffers the necessary decline in turnover for each of the June, September and December 2020 quarters.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances. Madgwicks is a member of Meritas, one of the world's largest law firm alliances.

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