Jobkeeper Extension – employees ..from 28 Sept 2020

JobKeeper period Tier 1: Higher rate Tier 2: Lower rate
28 September 2020 to 3 January 2021 $1,200 $750
4 January 2021 to 28 March 2021 $1,000 $650

FREE DOWNLOAD – JOBKEEPER ROUND 2 TESTING WORKBOOK

Employees

Employees are eligible in the extension period if they:

Are currently employed by an eligible employer (including if you were stood down or re-hired).

Were for the eligible employer (or another entity in their wholly-owned group) either:

  • a full-time, part-time or fixed-term employee at 1 July 2020; or
  • a long-term casual employee (employed on a regular and systematic basis for at least 12 months) as at 1 July 2020 and not a permanent employee of any other employer.
  • were aged 18 years or older at 1 July 2020 (if you were 16 or 17 you can also qualify if you are independent or not undertaking full time study).

were either:

  •  an Australian resident (within the meaning of the Social Security Act 1991); or
  • an Australian resident for the purpose of the Income Tax Assessment Act 1936 and the holder of a Subclass 444 (Special Category) visa as at 1 July 2020.

Only one employer can claim the JobKeeper Payment in respect of an employee.

The self-employed will be eligible to receive the JobKeeper Payment where they meet the relevant turnover test, and are not a permanent employee of another employer.

Find more details at the ATO website – https://www.ato.gov.au/General/JobKeeper-Payment/Employees/

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Thompsons Australia Newsletters and articles are distributed by professional tax practitioners to provide information of general interest to our clients. The content of this newsletter does not constitute specific advice. Readers are encouraged to consult their tax adviser for advice on specific matters.