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JobKeeper Wage Condition Deadline Nearing

Published by:
James Morris
Published on:
August 28, 2020
Modoras Accounting (QLD) Pty Ltd ABN 81 601 145 215
JobKeeper Wage Condition Deadline Nearing

There are only days remaining to ensure all eligible employees, including new nominations, have been enrolled for JobKeeper under the one in, all in JobKeeper principle.

For fortnights 10 and 11 the Australian Taxation Office has granted employers until 31 August 2020 to meet the wage condition for newly eligible employees under the tweaked 1 July eligibility test.

The ATO has also issued a reminder that employers must commence paying newly eligible employees the minimum of $1,500 per fortnight from 3 August, and have until 31 August to satisfy the wage condition.

A separate ATO issued reminder has gone out informing that claims must be placed for three fortnights in September; fortnight 9 (commencing 20 July), fortnight 10 (commencing 3 August) and fortnight 11 (commencing 17 August 2020).

Employees that are newly eligible and employed as of 1 July 2020 must be included from fortnight 10 onwards.

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IMPORTANT INFORMATION: This blog has been prepared by Modoras Accounting (QLD) Pty. Ltd. ABN 81 601 145 215. The information and opinions contained in this blog is general information only and is not intended to represent specific personal advice (Accounting, taxation, financial, insurance or credit). No individuals’ personal circumstances have been taken into consideration for the preparation of this material. The information and opinions herein do not constitute any recommendation to purchase, sell or hold any particular financial product. Modoras Accounting (QLD) Pty. Ltd. recommends that no financial product or financial service be acquired or disposed of or financial strategy adopted without you first obtaining professional personal financial advice suitable and appropriate to your own personal needs, objectives, goals and circumstances. Information, forecasts and opinions contained in this blog can change without notice. Modoras Accounting (QLD) Pty. Ltd. does not guarantee the accuracy of the information at any particular time. Although care has been exercised in compiling the information contained within, Modoras Accounting (QLD) Pty. Ltd. does not warrant that the articles within are free from errors, inaccuracies or omissions. To the extent permissible by law, neither Modoras Accounting (QLD) Pty. Ltd. nor its employees, representatives or agents (including associated and affiliated companies) accept liability for loss or damages incurred as a result of a person acting in reliance of this publication. Liability limited by a scheme approved under Professional Standards Legislation.

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