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.
https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_Info_for_Employers_0.pdf
OBLIGATIONS ON EMPLOYERS
To receive the JobKeeper Payment, employers must:
• Register an intention to apply on the ATO website and assess that they have or will experience the
required turnover decline.
• Provide information to the ATO on eligible employees. This includes information on the number of
eligible employees engaged as at 1 March 2020 and those currently employed by the business
(including those stood down or rehired). For most businesses, the ATO will use Single Touch Payroll
data to pre-populate the employee details for the business.
• Ensure that each eligible employee receives at least $1,500 per fortnight (before tax). For
employees that were already receiving this amount from the employer then their income will not
change. For employees that have been receiving less than this amount, the employer will need to top
up the payment to the employee up to $1,500, before tax. And for those employees earning more
than this amount, the employer is able to provide them with a top-up.
• Notify all eligible employees that they are receiving the JobKeeper Payment.
• Continue to provide information to the ATO on a monthly basis, including the number of eligible
employees employed by the business.
https://www.ato.gov.au/general/gen/JobKeeper-payment/
https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_supporting_businesses_1.pdf
https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_Info_for_Employees_0.pdf
What do we need to do?
Please read and understand the above. As we review this requirement in more detail we will update this page with further information on the existing solutions available within our software. Customers will be responsible for any updates to employee settings or pay components that may be required to process this payment.