Time for employers to get ready for JobKeeper extension

The Australian Taxation Office continues to provide ongoing support to employers to assist them to prepare for the next phase of JobKeeper payments.

The JobKeeper Payment scheme has been extended from 28 September 2020 until 28 March 2021.

"There are some key dates to keep in mind, and simple steps employers can take now, so they are ready for the changes, but please remember that not everything needs to be done from next week" said Deputy Commissioner James O'Halloran.

"From Monday 28 September, employers will need to pay their eligible employees a different rate of JobKeeper, with the rate dependent on the number of hours they work. These rates will change again from Monday 4 January," said Mr O'Halloran.

It is important for employers to let their eligible employees know now what rate of JobKeeper payment they will receive. This will then be the amount that the ATO pays to employers.

"Although you do not need to re-enrol in JobKeeper, you do need to notify us of your eligible employees and what rate you are paying them as part of your normal payday reporting in October. This can easily be done through Single Touch Payroll.

"Employers will also need to nominate any new employees if they are applying for a JobKeeper payment for them for the first time," said Mr O'Halloran.

For the extension period commencing 28 September 2020, employers will need to show that their actual GST turnover has declined in the September 2020 quarter relative to a comparable period. This needs to be done before 31 October 2020. See the actual decline in turnover test

/Media Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.