Relaxed Restrictions & Improved Business - What Happens to JobKeeper?
There is no doubt that the release of the JobKeeper program is helping many Australian businesses to stay afloat amidst the COVID-19 pandemic. However, with some restrictions being relaxed and a number of businesses reporting increased local support, what happens with JobKeeper?
The Deputy Commissioner for the ATO, Deborah Jenkins, has confirmed that businesses that met the JobKeeper eligibility criteria in April will continue to receive the $1,500 per fortnight wage subsidy until September irrespective of increased revenue in subsequent months.
Ms Jenkins confirmed that whilst businesses will need to continue to report to the ATO monthly (which will include a turnover prediction), this information will not impact a businesses ability to access the JobKeeper program on an ongoing basis until the end of the scheme in September.
Ms Jensen confirmed that the main purpose of the monthly declaration to the ATO is “to make sure your business still exists and to check who your employees are that are employed for that period of time” and that the information provided will not impact eligibility.
It is important to note that businesses that have not previously applied for JobKeeper have until 31 May 2020 to enrol for April and May payments.
If you have any questions regarding the JobKeeper scheme or need assistance in managing employees throughout this time, do not hesitate to contact a member of our Workplace Team.