JobKeeper 2.0
Today, the Prime Minister and the Treasurer announced the much-expected changes to the JobKeeper and JobSeeker schemes. Details are somewhat minimal and sketchy, and as always, the devil will be in the detail. So, what do we know? 1. JobKeeper is continuing beyond the end of September. The current scheme, which provides a payment of $1,500 per fortnight for each employee, business owner or sole trader, continues in its present form until September 25. So the existing payments for July ($3,000 per employee), August (3 fortnights - $4,500) and September ($3,000) will continue in the same way as they currently apply. i.e. lodge at the end of each month, based on the payroll records etc. and receive the payment within 4 – 7 days. Until the end of September, there is no change in the reporting requirements. 2. So what changes after the end of September? Firstly, to continue receiving the JobKeeper payments after September 25, a business needs to re-qualify. The