JobKeeper 2.0 Turnover Tweak
The Government has announced that tougher eligibility criteria for JobKeeper 2.0 coming into effect in September 2020 will now be reversed, as the Federal Government attempt to cushion the blow for Victoria’s second lockdown.
Previously, businesses hoping to receive JobKeeper from 28 September 2020, would have had to show a reduction in turnover of at least 30% in both the June and September quarters. But now, will just have to show at least a 30% drop in turnover for the September quarter, compared to the same period in the prior year.
To remain eligible for JobKeeper, businesses will still be required to provide their eligibility in January. With the assessment now based off the December 2020 quarter, rather than the two earlier quarters previously required.
Employees hired from 1 July will also now be eligible for JobKeeper 2.0 from 3 August. This change will now allow those businesses who have taken on additional staff but are now subject to stage 4 restrictions to be covered by the revised program.
The announced drop in payments from $1,500 to the tiered payment system of $1,200 for full-time workers and $750 for those working less than 20 hours per week will go ahead as announced.
Our Modoras team are still working to ensure your business is making the most of Government stimulus measures. Contact us on 1300 888 803 to book a catch up with a Modoras professional.
Want to know more?
View our latest materials on COVID-19 here.
Below are some articles that may interest you:
- $150k Instant Asset Write-Off Extended
- Government Stimulus Package for Business
- JobKeeper Package Update: How to Apply
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