Jobkeeper 2.0

Jobkeeper 2.0

JobKeeper 2.0 was announced on Friday, 7 August 2020 and businesses which were unable to receive JobKeeper previously as they were not employed on 1 March 2020, may now be eligible for payments from 3 August 2020 for those employees employed from 1 July 2020.

Those currently receiving JobKeeper will need to reassess their eligibility from 28 September 2020 and evidence their decline in turnover. After this period, JobKeeper will reduce and fall into a high or low rate which is calculated by the number of hours the employee worked in the four weeks prior to 1 March 2020 or 1 July 2020. There are provisions with respect to eligibility, eligible employees and turnover tests which are required to be met.

Attached is useful overview and if you would like to discuss further, please contact us – hello@saviadvisory.com.au or 9070 1191.

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