Posted on 1/4/2020
JobKeeper Payments are cash payments of $1,500 per employee per fortnight offered to businesses that have had a significant reduction in turnover due to the impacts of coronavirus.
Employers will be eligible for the subsidy if:
The payments will commence from 1 May 2020, but be backdated to 30 March 2020, and be paid for 6 months. It will be up to the employer if they want to pay superannuation on any additional wage paid because of the Job Keeper Payment.
To receive Job Keeper Payments, employers must:
Businesses without employees will need to provide an ABN for their business, nominate an individual to receive the payment and provide that individual’s TFN and provide a declaration as to recent business activity. People who are self-employed will need to provide a monthly update to the ATO to declare their continued eligibility for the payments. Payment will be made monthly to the individual’s bank account.
For JobKeeper FAQ’s Click Here
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