JobKeeper 2.0 Extension Legislated
FAQ Business Training and Government sources
The Australian Federal Government passed the JobKeeper 2.0 Extension legislation into law 1 September 2020. Here we let you know how this will impact you and your business.
JobKeeper Business Stimulus in Australia in an effort to lessen the impact on the welfare system, the unemployment rate and to help employers retain staff for an eventual rebound post the Coronavirus Covid-19 #crisistrifecta *
Please ensure all information you obtain is verified back to an original source (which is not social media, regular media or even us 🙂 ).
* THIS PAGE IS BEING UPDATED AS THINGS EVOLVE – LAST UPDATED 3 September 2020*
JobKeeper 2.0 has been legislated as at 1 September 2020. There are two extension periods of a quarter each, the first commencing on 28th September 2020. We will add to this post key information, but in the meantime you can check to source yourself:
JobKeeper update 3 September 2020
Still waiting on the detail …
JobKeeper Enabling Directions and Agreements
JobKeeper changes legislated 14 August 2020 – must read for employers
Employers will be aware JobKeeper is a one in, all in model. However many are NOT aware of a change to JobKeeper which applies to August and September (from 3rd August). This may REQUIRE you to top up additional eligible JobKeeper employees.
If you have employees who were ineligible at 1 March 2020, there are some situations where they will now be eligible as at 1 July 2020 which is the new reference date.
You may also have hired new part-time or full-time employees by 1 July 2020. They ARE in many circumstances eligible for JobKeeper from the fortnight which commenced 3rd August 2020. You must obtain their valid nominations and meet the wage condition (still $1500 per fortnight) by 31 August for the two affected fortnights. Employees can now renominate a replacement employer in some circumstances (where they left their JobKeeper business or employer before 1 July 2020 and commenced new employment with you before 1 July 2020).
1 March 2020 is preserved, so there is no need to retest eligibility of employees who have had no change in employment. You will end up paying and receiving 3 fortnights for August for these employees due to the fortnight end dates.
JobKeeper changes announced but NOT yet legislated (at 23 August 2020)
The Government has announced it intends to extend JobKeeper for two 3 month periods and introduce tiers to JobKeeper. This HAS NOT yet been legislated. Please hold on a little longer and get the facts.
JobKeeper errors in claiming (at 19 August 2020)
The ATO has commenced auditing and is finding a number of people who have over claimed or claimed incorrectly. They advise if an error was due to a genuine and honest mistake or misunderstanding, or through reliance on information from employees or the ATO itself which the business deemed to be correct, then the ATO will NOT in many cases seek a repayment of the overpaid funds.
However if the over payment was not reasonable or honest then you can be expected to repay, and if fraudulent face other penalties.
The ATO also notes many employers are unnecessarily paying full super guarantee on the JobKeeper amount. You only need to pay super guarantee on the amount of pay for the actual hours worked if that works out less than $1500 per fortnight.
The following video is a Facebook Live conducted 20 August 2020 on the above issues.
Please note in the dates table above you can add:
- 1 July 2020 new reference date for eligible employees
- 3 August 2020 start date for paying additionally eligible employees JobKeeper
- 31 August 2020 JobKeeper wage condition fulfilment date for the above employees
We can not yet add in the extension dates as they have NOT been legislated (as at 23 August 2020).
There is much more to this time of crisis than JobKeeper
We’ve started a 30 part blog and video series about Coping With Crisis. Join us on the blog, on Facebook or our YouTube Channel to keep up with the new suggestions.
*The Crisis Trifecta (#crisistrifecta)
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