The ATO has extended the time to enrol for the initial JobKeeper periods, from 30 April 2020 until 31 May 2020.
Importantly, the ATO will now accept the late payments of the minimum $1,500 per fortnight ($3,000 p.m) as long as they are paid by 8 May, extended from 30 April.
“This means that you can make two fortnightly payments of at least $1,500 per fortnight (for the first two fortnights that run from 30 March to 12 April, and 13 April to 26 April) by 8 May, or a combined payment of at least $3,000,” said the ATO in an update on Monday.
Heads up…. employers must be aware that, despite the fact they can now pay their employees as late as 8 May 2020 and still be eligible for JobKeeper Payments for fortnights 1 and 2, they are still required to pay their employees a further $1,500 by 10 May 2020 in relation JobKeeper fortnight 3 (which ends on the same date).
The extension of time comes on the back of the Alternative Turnover Test being released just last week; coupled with Treasurer’s Josh Frydenberg’s media release on Friday 24th which sees the ATO grappling with the application of these newly announced ‘rules’…. more to come
For the latest ATO updated on JobKeeper can be viewed here.