JobKeeper

May 6, 2020

Tax Bulletin – JobKeeper Update – May 2020

The JobKeeper Payment scheme is constantly evolving. The Treasurer has introduced the changes to the JobKeeper Rules. Further, the ATO has issued Practical Compliance Guidelines on schemes to obtain JobKeeper Payments, a Law Companion Ruling on the decline in turnover test and a Practice Statement on the notification requirements. Schemes to obtain JobKeeper Payments – ATO Compliance Approach The ATO […]
April 23, 2020

JobKeeper – Alternative Tests – Decline in Turnover Test

The ATO has issued a legislative instrument which sets out the alternative tests that are available to an entity to determine if it meets the ‘decline in turnover’ requirement as part of the JobKeeper scheme. These alternative tests apply to entities that are not able to satisfy the basic test – if an entity is able to meet the basic […]