On 21 July 2020 the Government announced a 6 month extension to the JobKeeper Payment to 28 March 2021 (referred to as “JobKeeper 2.0”). And on 7 August 2020 the Government announced amendments to JobKeeper 2.0 to expand the eligibility criteria (now known as “JobKeeper 3.0”).
* * The changes contained in JobKeeper 3.0 are * *
From 3 August 2020, the relevant date of employment will move from 1 March 2020 to 1 July 2020. This will increase employee eligibility for both the existing JobKeeper scheme, as well as for the new extension period from 28 September 2020.
• Casual employees will still be required to have been employed on a regular and systematic basis for a minimum of 12 months.
• Only one employer can claim the JobKeeper Payment in respect of an employee.
• Self‐employed people will be eligible to receive the JobKeeper Payment where they meet the relevant turnover test, and are not a permanent employee of another employer.
ADJUSTMENTS TO DECLINE IN TURNOVER TEST:
1. First JobKeeper Payment Extension (JKP Ext 1)
From 28 September 2020 to 3 January 2021:
• In order to be eligible for JKP Ext 1- (period of 28 September 2020 to 3 January 2021), businesses will only need to demonstrate that their actual GST turnover has significantly fallen (30% for businesses with a turnover less than $1b) in the September quarter 2020 (July, August, September) relative to comparable periods (generally the corresponding quarters in 2019).
2. Second JobKeeper Payment Extension (JKP Ext 2)
From 4 January 2021 to 28 March 2021:
Additional turnover tests
• In order to be eligible for JKP Ext 2 – (period of 4 January 2021 to 28 March 2021), businesses will only need to demonstrate that their actual GST turnover has significantly fallen in the December 2020 quarter (Oct, Nov, Dec) relative to comparable periods (generally the corresponding quarters in 2019).
The dual payment rates system proposed in JobKeeper 2.0 will remain.
• Full rate of payment decreasing from $1,500 to $1,200 per fortnight from 28 Sep 20 then to $1,000 per fortnight from 4 Jan 2021
• Proposed reduced rates for employees who worked fewer than 20 hours per week in the relevant period will be $750 from 28 Sep 20 and $650 from 4 Jan 2021