JobKeeper

September 23, 2020
Published by MC Tax Advisors at September 23, 2020
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JobKeeper Extension – Alternative Tests

The ATO has repealed and reissued the alternative decline in turnover tests for the purposes of the extended JobKeeper scheme. The same alternative tests still apply but some amendments have been made so they apply appropriately to the new scheme rules. As the comparison period is a quarter under the extended scheme, each of the alternative tests now only provide […]
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September 17, 2020
Published by MC Tax Advisors at September 17, 2020
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JOBKEEPER EXTENSION

Legislation and Rules have been passed to implement the JobKeeper extension from 28 September 2020 to 28 March 2021. ACTUAL DECLINE IN TURNOVER TEST In addition to the current decline in turnover test, a new ’actual decline in turnover’ test applies. – For fortnights from 28 September 2020 to 3 January 2021 the new test must be met for the […]
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August 15, 2020
Published by MC Tax Advisors at August 15, 2020
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JobKeeper – Change to Eligible Employees

The amendments to the JobKeeper Rules to change the reference date for eligible employees to 1 July 2020 have now been registered. Employees at 1 July 2020 now eligible employees for JobKeeper Effective from the fortnight beginning 3 August 2020, employees will be eligible employees for JobKeeper if they were either: – a full-time or part-time employees on 1 July […]
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July 21, 2020
Published by MC Tax Advisors at July 21, 2020
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JobKeeper Extension

The Government is extending the JobKeeper Payment by 6 months to 28 March 2021. Rules from 28 September 2020 – The payment rate of $1,500 per fortnight for eligible employees and business participants will be reduced to $1,200 per fortnight. – A lower payment rates of $750 per fortnight will apply for employees and business participants that worked fewer than […]
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