JobKeeper 3.0 enrolments start 29 September
On 21 July 2020, the Government announced that the JobKeeper Payment would be extended until 28 March 2021, for a further six months beyond its original end date of 27 September 2020.
As a result, JobKeeper would now be made over two separate extension periods, being:
- Extension Period 1 – which covers the seven new JobKeeper fortnights that commence on 28 September 2020 and end on 3 January 2021; and
- Extension Period 2 – which covers the six new JobKeeper fortnights that commence on 4 January 2021 and end on 28 March 2021.
From 28 September 2020, the revised JobKeeper scheme would be less generous being subject to a new dual payment rate system and would require businesses and not-for-profits to apply a new ‘Decline in Turnover Test’ based on actual GST turnover as opposed to projected GST turnover.
The Government then announced adjustments to expand the eligibility criteria for JobKeeper, primarily in the wake of the tougher COVID-19 restrictions recently imposed in Victoria.
The adjustments contained within JobKeeper 3.0 will apply nationwide and whilst we don’t have the minute details just yet, you can take steps now to create a seamless transition from JobKeeper 2.0 to JobKeeper 3.0.
You can sign up now so you’re ready after JobKeeper 2.0 closes on 28 September, whether or not you’re eligible for one or both Extension Periods. There is a step-by-step process to follow for this scheme which we can do for you to allow you to continue focusing on your business.
We could have not foreseen the COVID-19 pandemic and the extent of work required in the Jobkeeper enrolment, applications and ongoing administration that is required to be completed on your behalf to ensure you receive your entitlements, so this is treated as additional work outside your current engagement with Salisbury Accountants & Business Advisors.
We are looking forward to managing this process for you. To ensure we schedule time to register your business during the application open period, please email Kylie (details on offer factsheet) so we can schedule your business application for JobKeeper in our upcoming workflow.
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