29th December 2020 | Business
The second extension period for JobKeeper starts from 4 January 2021, reducing payment rates to $1,000 per fortnight for those on the tier 1 rate and $650 per fortnight for those on tier 2.
The new decline in turnover form, to prove that an entity’s actual GST turnover has declined in the December 2020 quarter relative to a comparison period, will be made available from 4 January 2021.
Completion of the December business monthly declaration, for employers to be reimbursed for payments between 23 November 2020 and 3 January 2021, has been extended from the usual 14th of each month to 28 January 2021.
Employers will also be given until 31 January 2021 to meet the wage condition for fortnights starting on 4 January and 18 January 2021.
- if you are eligible for JobKeeper extension two, you will need to complete a new decline in the turnover test
- the payment rates for your eligible employees will change
- if you are new to JobKeeper you can enrol in the program to participate in the remaining fortnights.
To support you through December and January, we have extended reporting dates for JobKeeper fortnights 20, 21 and 22.
JobKeeper fortnight 20 (Monday 21 December 2020 to Sunday 3 January 2021)
- You will have until Monday 4 January 2021 to meet the wage condition for your eligible employees.
- Business monthly declarations for JobKeeper fortnights 18, 19 and 20 are now due 28 January 2021.
JobKeeper fortnights 21 and 22 (starting Monday 4 January 2021 and Monday 18 January 2021)
You will have until Sunday 31 January 2021 to meet the wage condition for your eligible employees. This is to make sure that you have paid your eligible employees before claiming JobKeeper payments in your February monthly business declarations.
To find out more email us your details and we will get back to you straight away