From 28th September 2020, organisations seeking to claim JobKeeper payments will be required to reassess their eligibility for the JobKeeper extension with reference to their actual turnover in the June and September quarters 2020.
Organisations will need to further reassess their eligibility in January 2021 for the period from 4th January to 28th March 2021. Organisations will need to demonstrate that they have met the relevant continuing decline in turnover test in each of the previous three quarters to remain eligible for the March 2021 quarter.
The JobKeeper payment rate is to be reduced and paid at two rates:
• From 28th September 2020 to 3rd January 2021, the payment rate will be $1,200 per fortnight for all eligible employees who, in the four weeks before 1st March 2020, were working in the business for 20 hours or more a week and for business participants who were actively engaged in the business for more than 20 hours per week, and $750 per fortnight for employees who were working in the business for less than 20 hours a week and business participants who were actively engaged in the business less than 20 hours per week.
• From 4th January 2021 to 28th March 2021, the payment rate will be $1,000 per fortnight for all eligible employees who in the four weeks before 1st March 2020, were working for 20 hours or more a week and for business participants who were actively engaged in the business for more than 20 hours per week, and $650 per fortnight for employees who were working for less than 20 hours a week and business participants who were actively engaged in the business for less than 20 hours per week.