JobKeeper Rules Changed

The extended eligibility allows for employees who were employed on the 1^st of July 2020 to become eligible. This has moved from the initial 1^st of March 2020 date. This means the following employees will now become eligible to receive the $1,500 per fortnight minimum payment between the 3^rd of August and 28^th of September:

• you were employed by the eligible employer (or another entity in their wholly owned group), either as a
• non-casual employee (whether full-time, part-time or fixed-term)
• long-term casual employee (employed on a regular and systematic basis during the 12 month period that ended 1 July) and you were not a permanent employee of any other employer

• you were aged 18 years or older (if you were 16 or 17 you can also qualify if you were independent or not undertaking full time study on 1 July 2020)
• you were either an Australian resident (within the meaning of the Social Security Act 1991)
• an Australian resident for the purpose of the Income Tax Assessment Act 1936 and the holder of a Subclass 444 (Special Category) visa

Eligible employees will be required to complete the a nomination form, available for download below, and return to their employer by the 21^st of August (a current extension has been requested). Employees that have already nominated do not need to complete a new form and will remain eligible.

Employer’s will need to ensure they have paid newly eligible staff the minimum amount of $1,500 a fortnight for the fortnight commencing the 3^rd of August. If a back payment is required to meet this condition Employers have until the 31^st of August to pay these amounts to their employees.

More information to be released on JobKeeper 2.0 extension that will apply from the 27^th of September at a later date.

If you have any questions about how this affects you or your employees please contact our office.  1300 204 781 or email info@mulcahy.com.au or directly to your normal Accountant/Clients Services Manager.