
COVID-19 JobKeeper Update
________________________________________
28 April 2020
Late Friday the Government has provided further clarity on certain aspects of the JobKeeper .
The key areas addressed that will impact our clients were:
1. Extension of time from 30 April to 31st May 2020 to enrol for the JobKeeper scheme
2. Charities and the treatment of government revenue. Charities can exclude Government revenue from the JobKeeper turnover test
3. 'One in all in’ principle. The employer must ensure that all of these eligible employees are covered by their participation in the scheme. This includes all
eligible employees who are undertaking work for the employer or have been stood down. The employer cannot select which eligible employees will
participate in the scheme.
4. Full time students aged 16 and 17 years old. The rules will provide that full time students who are 17 years old and younger, and who are not financially
independent, are not eligible for the JobKeeper Payment.
5. Banks. The banks have also agreed to setup special hotlines to help businesses who need finance to bridge the gap until the first JobKeeper payments are
made. The banks have also agreed to bring JobKeeper-related applications to the front of the queue and work with the ATO to accelerate the finance
assessment process.
6. Alternate Decline in Turnover Test
a. Where the Commissioner is satisfied the Employer does not have an appropriate relevant comparison period for the decline in turnover test:
b. The Commissioner has provided the following Alternative Decline in Turnover Test Rules 2020. The alternative tests will only apply to seven circumstances as follows:
- business commenced
- business acquisition or disposal that changed the entity's turnover
- business restructure that changed the entity's turnover
- business had substantial increase in turnover
- business affected by drought or natural disaster
- business has an irregular turnover
- sole trader or small partnership with sickness, injury or leave.
The following is a link to Treasury’s Updated Fact Sheet
https://treasury.gov.au/coronavirus/jobkeeper
https://treasury.gov.au/sites/default/files/2020-04/Fact_sheet__JobKeeper_Info_for_Employees.pdf
The following is a link to the Treasurer’s Media Release on Friday
https://ministers.treasury.gov.au/ministers/josh-frydenberg-2018/media-releases/jobkeeper-update
Late Friday the Government has provided further clarity on certain aspects of the JobKeeper .
The key areas addressed that will impact our clients were:
1. Extension of time from 30 April to 31st May 2020 to enrol for the JobKeeper scheme
2. Charities and the treatment of government revenue. Charities can exclude Government
revenue from the JobKeeper turnover test
3. 'One in all in’ principle. The employer must ensure that all of these eligible employees are
covered by their participation in the scheme. This includes all eligible employees who are
undertaking work for the employer or have been stood down. The employer cannot select which
eligible employees will participate in the scheme.
4. Full time students aged 16 and 17 years old. The rules will provide that full time students who
are 17 years old and younger, and who are not financially independent, are not eligible for the
JobKeeper Payment.
5. Banks. The banks have also agreed to setup special hotlines to help businesses who need
finance to bridge the gap until the first JobKeeper payments are made. The banks have also
agreed to bring JobKeeper-related applications to the front of the queue and work with the ATO
to accelerate the finance assessment process.
6. Alternate Decline in Turnover Test
a. Where the Commissioner is satisfied the Employer does not have an appropriate relevant
comparison period for the decline in turnover test:
b. The Commissioner has provided the following Alternative Decline in Turnover Test Rules 2020.
The alternative tests will only apply to seven circumstances as follows:
- business commenced
- business acquisition or disposal that changed the entity's turnover
- business restructure that changed the entity's turnover
- business had substantial increase in turnover
- business affected by drought or natural disaster
- business has an irregular turnover
- sole trader or small partnership with sickness, injury or leave.
The following is a link to Treasury’s Updated Fact Sheet
https://treasury.gov.au/coronavirus/jobkeeper
https://treasury.gov.au/sites/default/files/2020-04/Fact_sheet__JobKeeper_Info_for_Employees.pdf
The following is a link to the Treasurer’s Media Release on Friday
https://ministers.treasury.gov.au/ministers/josh-frydenberg-2018/media-releases/jobkeeper-update
Late Friday the Government has provided further clarity on certain aspects of the JobKeeper .
The key areas addressed that will impact our clients were:
1. Extension of time from 30 April to 31st May 2020 to enrol for
the JobKeeper scheme
2. Charities and the treatment of government revenue. Charities
can exclude Government revenue from the JobKeeper turnover test
3. 'One in all in’ principle. The employer must ensure that all of these
eligible employees are covered by their participation in the scheme.
This includes all eligible employees who are undertaking work for
the employer or have been stood down. The employer cannot
select which eligible employees will participate in the scheme.
4. Full time students aged 16 and 17 years old. The rules will
provide that full time students who are 17 years old and younger,
and who are not financially independent, are not eligible for the
JobKeeper Payment.
5. Banks. The banks have also agreed to setup special hotlines to
help businesses who need finance to bridge the gap until the first
JobKeeper payments are made. The banks have also agreed to
bring JobKeeper-related applications to the front of the queue and
work with the ATO to accelerate the finance assessment process.
6. Alternate Decline in Turnover Test
a. Where the Commissioner is satisfied the Employer does not have
an appropriate relevant comparison period for the decline in
turnover test:
b. The Commissioner has provided the following Alternative Decline in
Turnover Test Rules 2020. The alternative tests will only apply to
seven circumstances as follows:
- business commenced
- business acquisition or disposal that changed the entity's turnover
- business restructure that changed the entity's turnover
- business had substantial increase in turnover
- business affected by drought or natural disaster
- business has an irregular turnover
- sole trader or small partnership with sickness, injury or leave.
The following is a link to Treasury’s Updated Fact Sheet
https://treasury.gov.au/coronavirus/jobkeeper
https://treasury.gov.au/sites/default/files/2020-04/Fact_sheet__JobKeeper_Info_for_Employees.pdf
The following is a link to the Treasurer’s Media Release on Friday
https://ministers.treasury.gov.au/ministers/josh-frydenberg-2018/media-releases/jobkeeper-update
Late Friday the Government has provided further clarity on certain aspects of the JobKeeper .
The key areas addressed that will impact our clients were:
1. Extension of time from 30 April to
31st May 2020 to enrol for the
JobKeeper scheme
2. Charities and the treatment of
government revenue. Charities can
exclude Government revenue from the
JobKeeper turnover test
3. 'One in all in’ principle. The employer
must ensure that all of these eligible
employees are covered by their
participation in the scheme. This includes
all eligible employees who are
undertaking work for the employer or
have been stood down. The employer
cannot select which eligible employees
will participate in the scheme.
4. Full time students aged 16 and 17
years old. The rules will provide that full
time students who are 17 years old and
younger, and who are not financially
independent, are not eligible for the
JobKeeper Payment.
5. Banks. The banks have also agreed to
setup special hotlines to help businesses
who need finance to bridge the gap until
the first JobKeeper payments are made.
The banks have also agreed to bring
JobKeeper-related applications to the
front of the queue and work with the ATO
to accelerate the finance assessment
process.
6. Alternate Decline in Turnover Test
a. Where the Commissioner is satisfied the
Employer does not have an appropriate
relevant comparison period for the
decline in turnover test:
b. The Commissioner has provided the
following Alternative Decline in Turnover
Test Rules 2020. The alternative tests will
only apply to seven circumstances as
follows:
- business commenced
- business acquisition or disposal that changed the entity's turnover
- business restructure that changed the entity's turnover
- business had substantial increase in turnover
- business affected by drought or natural disaster
- business has an irregular turnover
- sole trader or small partnership with sickness, injury or leave.
The following is a link to Treasury’s Updated Fact Sheet
https://treasury.gov.au/coronavirus/jobkeeper
https://treasury.gov.au/sites/default/files/2020-04/Fact_sheet__JobKeeper_Info_for_Employees.pdf
The following is a link to the Treasurer’s Media Release on Friday
https://ministers.treasury.gov.au/ministers/josh-frydenberg-2018/media-releases/jobkeeper-update











