JobKeeper Package Update: How to Apply
The JobKeeper Package passed through Parliament on the 8th of April. This initiative has been designed to keep Australians in work and Australian businesses in business. With many businesses experiencing a significant reduction in revenue as a result of COVID-19, JobKeeper has been passed to help mitigate the impact of employee wage costs and as a result, the expected increase in unemployment rates.
How to apply for the JobKeeper Payment
Step 1. Notify employees whom you intend to claim the JobKeeper payment for.
Step 2. Have each employee complete the JobKeeper employee nomination notice.
Step 3. Apply with your myGovID through the ATO Business Portal here.
Although JobKeeper payments will be backdated from 30 March, payments will begin to be rolled out in the first week of May 2020. The ATO has advised that employers must continue to pay their employees during this period to qualify.
One in, all in
Once an employer nominates to participate in the JobKeeper scheme, all eligible employees must be covered. Employers are unable to select eligible employees on a case by case basis. The ‘one in, all in’ rule is a key feature of the package.
Keeping employees informed
Navigating the new initiative can be confusing for employers and employees alike. A conversation with employees can be beneficial to make sure they are aware that the Government will only pay one of the job stimulus initiatives to each individual:
1) JobKeeper through one employer; and
2) Not in conjunction with the JobSeeker payment.
Are you Single Touch Payroll Compliant?
The JobKeeper Package links directly to Single Touch Payroll (STP). The ATO uses Single Touch Payroll data to pre-populate employee details for the JobKeeper payment. STP is also used by the ATO and Services Australia (DHS) to make sure claims aren’t being made twice. If you would like to know more about STP, please click here.
Want to know more?
Are you up to date on all Government stimulus measures that may apply to you our your business? To keep you informed, our Modoras team are working hard to create tools and information for you. To review the latest materials on COVID-19, please click here.
Below are some articles that may interest you:
- JobKeeper Payment: Relief for Employers and Employees
- Are you entitled to the Federal Government Stimulus Package
We’re here to support you. Make well-informed business decisions; contact us on 1300 888 803 book a catch up with a Modoras professional.
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