| Warning |
|---|
|
Happy Easter everyone! We hope you are able to spend some time with your close ones over this time and stay safe.
WOW!!! The ATO dropped a bombshell on us yesterday with the STP reporting requirements for this legislation. See below for some light reading. This renders any attempt by us to get something out quickly pointless. So at this time we are reviewing and will likely post another update Tuesday am. |
...
| Info |
|---|
|
For those who need to process this today, Infinet Cloud Payroll update bundle now contains automated creation of the AU Stand Down Leave sub type and sub types for JobKeeper payments (with and without Super). The update will take about 10 minutes and can be pushed at any time. Please email support@infinetcloud.com to request update 20.1.02-JK . Further updates to follow as the legislation has now passed although no additional guidance from ATO or Treasury or FWA as yet. |
| Warning |
|---|
| title | Update 06/04/2020 am |
|---|
|
- This measure is not yet law and the Federal Government is sitting Weds 8th to pass the law. It is expected to be unopposed. You should consult your own legal advice if you are wondering if you should enact this measure before the legislation is passed.
- Things are changing regularly in this difficult situation. The criteria on who this applies to appears to be being reviewed and may be expanded. https://treasury.gov.au/sites/default/files/2020-04/Fact_sheet_Info_for_Employers_0.pdf
- The ATO has not provided guidance on how this should be processed although they indicated in a webinar the payment may be an Allowance with an STP category of Other.
- We are considering if we can automate the most basic requirement to simply top up an employees pay to $1500 per fortnight (Equivalent). If possible we will notify customers and we are likely to require that customers request this update via an online form. Additional complexities or other variations will need to be manually managed by customer. Customer will be responsible for updating impacted employees prior to processing payroll.
- Many variations and scenarios may exist which impact exactly how this is applied in the system which we may have never encountered before and currently have no guidance from ATO or FWA. Eg. (Salary Sacrifice, Leave, Part period and pro rata payments, Stand down leave)
- Please be patient with our support staff who are doing their best to get their heads around this measure and the numerous other variations in payments we are now encountering. Support is experiencing higher than usual volumes of requests so non-urgent responses may be delayed.
- We are in the process of creating a new KB article on how we think this could be applied manually in the system based off what we know currently. Once that is available we will link to it here.
- If you read everything below you will be just as informed as us!
|
...
| Widget Connector |
|---|
| url | https://www.youtube.com/watch?v=clFCDTPsI5Q&feature=youtu.be |
|---|
|
| Info |
|---|
Under the JobKeeper Payment, businesses impacted by the coronavirus will be able to access a subsidy from the Government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of 6 months. |
Please see links below for more information regarding this. As an employer it is your responsibility to understand and comply with legislation. Please ensure you read below to understand elegibility critieria for your company and your employees.
...