The $130 billion JobKeeper Payment is designed to save millions of Australian jobs.
Employers eligible for the JobKeeper Payment will be paid $1,500 per fortnight per eligible employee for a maximum of six months. You must make a monthly business declaration to claim JobKeeper payments for the previous month.
Employers need to do this between the 1st and 14th of the month (for example, to be reimbursed for JobKeeper payments in May you need to complete your declaration by 14 June).
The scheduled JobKeeper fortnights are as follows:
|JobKeeper Fortnight||Period relating to each JobKeeper Fortnight||Employees are paid on or before|
|5||25 May – 7 June||7 June|
|6||8 June – 21 June||21 June|
|7||22 June – 5 July||5 July|
|8||6 July – 19 July||19 July|
|9||20 July – 2 August||2 August|
|10||3 August – 16 August||16 August|
|11||17 August – 30 August||30 August|
|12||31 August – 13 September||13 September|
|13||14 September – 27 September||27 September|
Sole traders and the self-employed are also eligible to receive the JobKeeper payments. Applicants will need to make a declaration that their businesses’ turnover has been significantly reduced or that their business has been suspended.
For more information visit: www.ato.gov.au/general/JobKeeper-Payment/
The above information is a brief summary only and does not take into account your personal needs and is not a substitute for independent professional advice. We strongly recommend that you speak to your accountant as they will be able to provide you the most suitable advice for your individual circumstance and to ensure that you are also always receiving the most up to date information.
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