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To help with the transition from JobKeeper 1.0 to JobKeeper 2.0, we are providing a reference guide to assist you work out your eligibility and payment rates.
The Extended JobKeeper 2.0 scheme is split into the following Phases:
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Period
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Workers >20 hrs per week
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Workers <20 hrs per week
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GST Turnover Eligibility
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Comparison
Period
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28/09/20
to
03/01/21
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$1,200 per fortnight
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$750 per fortnight
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30% Fall in the September 2020 quarter
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September 2019 Quarter
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04/01/21
to
28/03/21
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$1,000 per fortnight
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$650 per fortnight
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30% Fall in the December 2020 quarter
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December 2019 Quarter
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Eligibility Criteria for employers:
To be eligible for JobKeeper 2.0 you must meet all the criteria below.
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Criteria
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Detail
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You must have carried on a business as at 01 March 2020
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- This is unchanged from JK 1.0
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You must pass the original decline in GST turnover test (if you received JK 1.0 you meet this condition)
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- If you were not eligible for JK 1.0, you may be still eligible for JK 2.0.
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You need to pass an additional decline in GST turnover test. There is a separate test for each of the above extension periods.
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- Please refer above for the GST Turnover eligibility for each phase.
- Eligibility will be based on actual GST turnover rather than estimated/predicted turnover
- Sales of capital assets are included in current GST turnover (e.g. Sale of motor vehicle)
- You must use the same method as your BAS for calculating the current and comparative turnover.
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Other points to note:
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Timing of payments to employees
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- Entities will still need to ensure employees are paid at least the minimum amount before claiming amounts from the ATO
- For JK 2.0 fortnights starting 28 September 2020 and 12 October 2020 the ATO is allowing employers until 31 October 2020 to meet the wage conditions
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Determining Payment rates for employees
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- The higher rate applies if the employees' total hours of work, Paid leave and paid public holidays was AT LEAST 80 Hours in 28-day period.
- Employers will need to notify the ATO of payment rates for employees and must notify the employee within 7 days of advising the ATO of the payment rate.
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Determining Payment rates for Eligible Business Participants
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- The individual was actively engaged in the business for at least 80 hours in February 2020
- A declaration will need to be signed confirming this.
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If you have any questions on any of the above, please do not hesitate to get in touch with your LWM contact.
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