Jobkeeper Payment

Описание: The Federal Government has announced (as part of its Coronavirus Stimulus Package) the introduction of a new JobKeeper Payment to assist eligible employers (and self-employed individuals) who have been impacted by the Coronavirus pandemic to continue to pay their workers.
The following is a broad summary of the key aspects of the proposed JobKeeper Payment, based on the Government’s Joint Media Release dated 30 March 2020 and the information that is currently available on the Treasury website at www.treasury.gov.au. The Government intends to introduce legislation into Parliament to give effect to the JobKeeper Payment measure.
The Government also announced that the partner income test will be relaxed to ensure that an eligible person can receive JobSeeker Payment (and the associated Coronavirus supplement) where their partner earns less than $3,068 per fortnight (around $79,762 per annum).

The JobKeeper payment is a subsidy that will be paid through the tax system (i.e., by applying to the ATO) to eligible employers (and self-employed individuals) impacted by the Coronavirus.
Eligible employers will be able to claim a subsidy of $1,500 per fortnight, per eligible employee, from 30 March 2020 (with payments commencing from the first week of May 2020), for a maximum period of six months. This subsidy will be paid by the ATO monthly in arrears and will ensure that an eligible employee receives a gross payment (i.e., before tax) of at least $1,500 per fortnight.
Self-employed individuals (i.e., businesses without employees) can also qualify to receive the JobKeeper Payment.
This is the first part of a series of videos we came up to explain this current government subsidy program.

Want to know if your business is eligible?
Call us at 1300 50 90 25
Or visit www.mlvaccounting.com.au

USEFUL LINKS:
JOBKEEPER PAYMENT UPDATES
https://www.ato.gov.au/general/gen/Jo...
AUSTRALIAN TREASURY
https://treasury.gov.au

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