March 30, 2020

JobKeeper Payment

What is it?

Employers will receive a payment of $1,500 per fortnight per eligible employee. Every eligible employee must receive at least $1,500 per fortnight from this business, before tax.

Who is an Eligible Employer?

  • Businesses annual turnover of less than $1 Billion and a reduction in revenue of 30% or more since 1 March 2020
  • Businesses annual turnover of $1 Billion or more and a reduction in revenue of 50% or more
  • Include businesses structured through companies, partnerships, trusts and sole traders. Including Non for profit entities including charities

Who is an Eligible Employee?

  • Full time and part time employees and self-employed individuals
  • Includes employees that have been stood down since 1 March 2020
  • Casual employees that have been with a company for at least the previous 12 months
  • Australian residents, New Zealand citizens on a subclass 444 special category visa and migrants eligible for youth Allowance, Jobseeker or other payments.
  • Only eligible to receive the payment from ONE employer

How to apply and distribute payments:

  • Eligible businesses need to register their interest via
  • Payments will be paid to employers for up to six months for each eligible employee on their books on 1 March 2020 and is retained or continues to be engaged by that employer
  • Commences today 30 March 2020
  • Eligible business should begin distributing the Jobkeeper payment immediately to their eligible employees (don’t forget to withhold tax)
  • Business will be reimbursed by the ATO with first payment distributed in the first week of May

If you have any queries please don’t hestiate to reach out to us.