Detail JobKeeper 2.0          

25 September 2020  

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: 

Period

Workers >20 hrs per week

Workers <20 hrs per week

GST Turnover Eligibility

 

Comparison

Period

28/09/20

to

03/01/21

$1,200 per fortnight

$750 per fortnight

30% Fall in the September 2020 quarter 

September 2019 Quarter

04/01/21

to

 28/03/21

$1,000 per fortnight

$650 per fortnight

30% Fall in the December 2020 quarter 

December 2019 Quarter

 

Eligibility Criteria for employers:

 

To be eligible for JobKeeper 2.0 you must meet all the criteria below.

Criteria

Detail

You must have carried on a business as at 01 March 2020

  • This is unchanged from JK 1.0

You must pass the original decline in GST turnover test (if you received JK 1.0 you meet this condition)

  • If you were not eligible for JK 1.0, you may be still eligible for JK 2.0.

You need to pass an additional decline in GST turnover test. There is a separate test for each of the above extension periods.

 

  • 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.  

 

Other points to note: 

Timing of payments to employees

  • 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 

Determining Payment rates for employees

 

  • 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. 

Determining Payment rates for Eligible Business Participants

  • 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. 

 

If you have any questions on any of the above, please do not hesitate to get in touch with your LWM contact.