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://www.business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/jobkeeper-payment
- https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_Info_for_Employers_0.pdf
Employer Obligations
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.
Additional Links
- https://www.ato.gov.au/general/gen/JobKeeper-payment/
- https://www.business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/~/link.aspx?_id=94034B42D77347C68B6E29D80EDEA7CA&_z=z
- 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 possible 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.
Here is what TAPS have to say on the matter at this time.: https://www.payroll.com.au/
Yesterday the ATO announced a new JobKeeper payment for employers. 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. For now, there are three things you need to know. 1. At this stage it is just an announcement. The legislation still needs to be passed. TAPS is meeting with the ATO today to provide consultation and to gather more information. We know you have lots of questions, but this announcement was only made yesterday by the PM, it is still not law, and there are still things that need to be worked out. Stay tuned for more information |