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JobKeeper 2.0

JobKeeper 2.0

A summary of changes announced on 7th August and what you need to know as a small business owner:

Two New Changes:

  1. Relevant date of employment changed from 1 March 2020 to 1 July 2020 (designed to increase eligibility for the existing JobKeeper scheme and the two new extension periods)
  2. Prove that you have experienced the relevant decline in turnover (30% drop) in only the previous quarter (not all previous quarters) to receive the payment
    • If you are applying for the extension from 28 September 2020 to 3 January 2021 – you have to prove your turnover decreased in September 2020 quarter compared to September 2019 quarter.
    • If you are applying for the extension from 4 January 2021 to 28 March 2021 – you have to prove your turnover decreased only in December 2020 quarter compared to December 2019 quarter.

What remains unchanged:

  • Employers will have to prove a turnover decline again
  • You will need to reapply to prove you are experiencing hardship again at end of September and then again at start of January
  • Comparable periods for the turnover decrease are the same quarters in previous years
  • From 28th September – fortnightly payments for full-time workers is decreasing from $1,500 to $1,200
  • From 3rd January 2021 – fortnightly payments for full-time workers will drop again from $1,200 to $1,000 a fortnight¬†
  • Payments for part-time workers are being cut in half
  • If you were working less than 20 hours a week in February 2020 (pre-COVID) – your payment will drop from $1,500 to $750 a fortnight after September
  • At the start of 2021 this will drop again to $650 a fortnight
  • Casual Workers will continue to receive payments depending on how many hours they were working
  • Casual employees will still need to have been employed for 12 months

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