COVID-19: Super guarantee exclusion for JobKeeper payments

The Superannuation Guarantee (Administration) Amendment (JobKeeper Payment) Regulations 2020 ensure employers need not make additional superannuation guarantee (SG) contributions as a result of participating in the JobKeeper scheme. The exclusion is relevant for employees otherwise earning wages of less than $1,500 per fortnight, which is the minimum payment required under the scheme.   An employer…

Read More

The JobKeeper Payment

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,…

Read More

Jobkeeper alternative test rules

The Commissioner has registered Legislative Instrument Coronavirus Economic Response Package (Payments and Benefits) Alternative Decline in Turnover Test Rules 2020. The rules provide alternative bases for a class of entities to satisfy the decline in turnover test for the purposes of seeking to be a qualifying employer for JobKeeper payments, when the Commissioner is satisfied…

Read More

JobKeeper Payment Dates

The payment dates for all JobKeeper fortnights are:  30 March – 12 April by Friday 8 May  13 April – 26 April by Friday 8 May  27 April – 10 May by Sunday 10 May 11 May – 24 May by Sunday 24 May 25 May – 7 June by Sunday 7 June 8 June – 21 June by Sunday 21…

Read More

JobKeeper payments for business groups and ‘one-in, all-in’ rule clarified

Business structures that house their employees in a separate entity from the operating entity may still be able to access the JobKeeper Payment scheme. They can do so by applying an alternative decline in turnover test by reference to the combined GST turnovers of the related entities using the services of the employer entity. The…

Read More