With the JobKeeper 1 coming to an end on 28th September you will need to check your eligibility for JobKeeper 2 – please refer to our previous article here to check if you are eligible.
Firstly, if you are not eligible for JobKeeper 2 then you must stop paying your employees that are receiving the top up payments of $1,500 per fortnight from 28th September. Your JobKeeper will cease and there is no further lodgement requirements.
If you are currently receiving JobKeeper 1 and are eligible for JobKeeper 2 then your monthly lodgments will continue and there is no requirement to re-register. You will need to ensure that you adjust your top up payments to reflect the new JobKeeper Payment rates detailed below:
The JobKeeper Payment rate is to be reduced and paid at two rates:
- From 28 September 2020 to 3 January 2021, the payment rate will be:
- $1,200 per fortnight for all eligible employees who, in the four weekly pay periods before either 1 March or 1 July 2020, were working in the business or not-for-profit for 20 hours or more a week on average and for business participants who were actively engaged in the business for more than 20 hours per week; and
- $750 per fortnight for employees who were working in the business or not-for-profit for less than 20 hours a week on average and business participants who were actively engaged in the business less than 20 hours per week in the four weekly pay periods before either 1 March or 1 July 2020.
- From 4 January 2021 to 28 March 2021, the payment rate will be:
- $1,000 per fortnight for all eligible employees who in the four weekly pay periods before either 1 March or 1 July 2020, were working for 20 hours or more a week on average and for business participants who were actively engaged in the business for more than 20 hours per week; and
- $650 per fortnight for employees who were working for less than 20 hours a week on average and business participants who were actively engaged in the business for less than 20 hours per week in the four weekly pay periods before either 1 March or 1 July 2020.
Further Information is available in the JobKeeper Payment extension fact sheet .
Your software provider should be JobKeeper 2 Payroll ready to assist you with your JobKeeper 2 reporting, please see more information regarding MYOB here or Xero here.
We will provide more details for other software packages when they release their instructions.
Should you have any questions then please Contact Us
