JobKeeper 2.0

Considering the urgency of assisting struggling businesses and employees, JobKeeper was released quite quickly and with hindsight, could have been better implemented.

With Victoria still in the midst of a pandemic explosion, JobKeeper needed to be extended, revamped or just continued as businesses struggle on.

With this in mind, JobKeeper 2.0 has been announced and is due to take over the current JobKeeper on the 28th September. See below for some quick facts that may assist you with determining what help you may receive come September. As always, feel free to contact us if you have any questions so that we may guide and assist with these packages.

EMPLOYER ELIGIBILITY (New recipients included)

  • 28th September 2020 to 3rd January 2021;
    30% decline in actual turnover in BOTH the June and September 2020 quarters compared to a comparative 2019 period.
  • 4th January 2021 to 28th March 2021;
    30% decline in actual turnover in ALL June, September and December 2020 quarters compared to a comparative 2019 period.

EMPLOYEE ELIGIBILITY

  • Must pass the 20+ work hours “look-back” test;
    For the full $1200 per fortnight rate, the employee must have worked and average of 20 hours or more for the 4 weeks preceding the 1st March 2020.
    The lower $750 per fortnight rate applies to those under the 20+ work hours test.
    Eligibility rules still apply in regards to joining the scheme (ie; employment period)

SOLE TRADERS AND BUSINESS PARTICIPANTS

  • The same 20+ hour work “look-back” test applies also to Sole Traders and eligible Business Participants from the 28th September 2020.

These are very strange and unprecedented times all around the world, so don’t forget to ask for help and not struggle through the completely unknown uninformed, confused and stressed.

Stay Safe

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