JobKeeper – eligible employers Update at 14 April

Updated April 14th

  •  On 1 March 2020, you carried on a business in Australia or were a not-for-profit organisation that pursued your objectives principally in Australia.
  • You employed at least one eligible employee on 1 March 2020.
  • Your eligible employees are currently employed by your business for the fortnights you claim for (including those who are stood down or re-hired).
  • Your business has faced a-

-30% fall in turnover (for an aggregated turnover of $1 billion or less)

-15% fall in turnover (for ACNC-registered charities-not schools)

  • You will be able to enrol in the JobKeeper scheme from 20 April 2020 using an online form on the ATO website. After you enrol, you will later identify your specific eligible employees and submit the information to the ATO.

If you have registered with the ATO for an update on the JobKeeper Payment, you will soon receive a notification from the ATO when the online enrolment is available.

How to calculate a fall in turnover for the first fortnight starting 30 March 2020

To work out your fall in turnover, you can compare either:

  • GST turnover for March 2020 with GST turnover for March 2019
  • projected GST turnover for April 2020 with GST turnover for April 2019
  • projected GST turnover for the quarter starting April 2020 with GST turnover for the quarter starting April 2019.

How you choose to project your fall in turnover is not dependent on whether you report a quarterly or monthly BAS, though you can do that if it is easier. The turnover calculation is based on GST turnover, but there are some modifications.

 

links

ATO – https://www.ato.gov.au/Forms/JobKeeper-payment—employee-nomination-notice/

ATO – https://www.ato.gov.au/General/JobKeeper-Payment/

Treasury – https://treasury.gov.au/sites/default/files/2020-04/Fact_sheet_supporting_businesses_4.pdf

Treasury – https://treasury.gov.au/sites/default/files/2020-04/Fact_sheet_Info_for_Employers_2.pdf

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