What has changed
From 28 September 2020, the JobKeeper extension starts and the payment rates change for eligible employees and business participant.
Extension 1 - from 28 September 2020 to 32 January 2021
Extension 2 - from 4 January 2021 to 28 March 2021
The payment rate applicable to an employee is determined by reference to the actual hours the employee worked.
• Higher rate – If an employee’s total hours were 80 hours or more for the employer over an applicable 28-day reference period, then the employer is entitled to the higher rate in respect of that employee.
• Lower rate – If the total hours of work and equivalent paid leave are less than 80 hours over the applicable 28-day reference period, the lower rate applies.
It is the responsibility of the employer to determine the number of hours that count towards the threshold for an eligible employee, based on existing records that are already maintained in respect of that employee.
What you need to do
Extension 1 - businesses will have to demonstrate that their actual GST turnover has declined by 30% in the September 2020 quarter, relative to its September 2019 quarter.
Extension 2 - businesses will have to demonstrate that their actual GST turnover has declined by 30% in the December 2020 quarter, relative to its December 2019 quarter.
What doesn't change
To claim for fortnights in the JobKeeper payment extension 1 or 2:
Source: ATO and NTAA
If you need any help, contact the office on Tax@successwa.com or 08 9370 5510