{"id":2196,"date":"2020-03-31T14:49:16","date_gmt":"2020-03-31T03:49:16","guid":{"rendered":"https:\/\/saige.com.au\/?p=2196"},"modified":"2020-03-31T15:14:03","modified_gmt":"2020-03-31T04:14:03","slug":"your-jobkeeper-questions-answered","status":"publish","type":"post","link":"https:\/\/saige.com.au\/business\/business-advice\/your-jobkeeper-questions-answered\/","title":{"rendered":"Your JobKeeper Questions Answered"},"content":{"rendered":"\t\t
The new JobKeeper payment was announced by the Federal government yesterday. As you can expect, business owners and their employees have many questions. We’ve provided some answers to the most common questions from our business clients.<\/p>
The JobKeeper Payment<\/a> is a temporary scheme open to businesses impacted by the Coronavirus, including the self-employed. The Government will provide $1,500 per fortnight, per employee for up to 6 months. Employers will be eligible for the subsidy if:<\/p> Employers must elect to participate in the scheme. They will need to make an application to the Australian Taxation Office (ATO) and provide supporting information demonstrating a downturn in their business – You can register your interest here<\/a>.<\/p> Eligible employers who have stood down their employees before the commencement of this scheme will be able to participate. Employees that are re-engaged by a business that was their employer on 1 March 2020 will also be eligible.<\/p> Yes, self-employed individuals will be eligible to receive the JobKeeper Payment where they have suffered or expect to suffer a 30 per cent decline in turnover relative to a comparable a period a year ago (of at least a month).<\/p> Eligible employers will be paid $1,500 per fortnight per eligible employee. Eligible employees will receive, at a minimum, $1,500 per fortnight, before tax, and employers are able to top-up the payment. Where employers participate in the scheme, their employees will receive this payment as follows:<\/p> Payments will be made to the employer monthly in arrears by the ATO.\u00a0 The subsidy will start on 30 March 2020, with the first payments to be received by employers in the first week of May.<\/p> Businesses will be able to register their interest in participating in the Payment from 30 March 2020 on the\u00a0ATO website<\/a>.<\/p> This measure was only announced yesterday, there will be a lot more information coming. A good starting point is to register with the ATO, if you think this will apply to your business.<\/p>How does it apply to different types of employees?<\/h2>
What about employees I\u2019ve already stood down?<\/h2>
Does JobKeeper apply to the self-employed?<\/h2>
How is the payment made between employers and employees?<\/h2>
When will payments be made?<\/h2>
How do I register?<\/h2>