This first extension period of JobKeeper 2.0 runs from 28 September 2020 to 3 January 2021.
Businesses will need to show that the actual GST turnover (as opposed to projected) has declined in the September 2020 quarter relative to a comparable period (generally the corresponding quarter in 2019). See the actual decline in turnover test for more information.
To be eligible, you need to have satisfied the original decline in turnover test. However, if you:
- Were entitled to receive JobKeeper for fortnights before 28 September, you have already satisfied the original decline in turnover test.
- Are enrolling in JobKeeper for the first time from 28 September 2020, if you satisfy the actual decline in turnover test, you will also satisfy the original decline in turnover test. You can enrol on that basis.
The rates of the JobKeeper payment for first extension period are:
- Tier 1: $1,200 per fortnight (before tax)
- Tier 2: $750 per fortnight (before tax).
ATO assistant commissioner Sandra Farhat, has put it this way…. “There is really no discretion in relation to decline in turnover, so there is no ability for the ATO to say, ‘Well, you were close, just not close enough, but we’ll let you through’ — the 30 per cent is a hard and fast legislative requirement…
This is a shift from the more ‘sympathetic and understanding’ line the ATO have said they will take when assessing the decline in turnover test for JobKeeper 1.0.
Please contact us if you would like to discuss your eligibility further.