Find out about the JobKeeper Payment.

As the current set of circumstances continue to evolve, we’re doing everything we can to support South Australian businesses by providing them with the essential products and services they need whilst at the same time keeping everyone safe and well.

As you know, we feel passionate about supporting those that support us, and that’s why we want to keep you informed of the actions being taken by the government to support your business and your workforce.

Earlier this week, the Federal Government announced a Jobkeeper Payment to support employers like yourself retain staff during this challenging period of time.

Please see below more detail around the Jobkeeper Payment from Senator the Hon Michaelia Cash, the Minister for Employment, Skills, Small and Family Business:

  • The JobKeeper Payment will start on 30 March 2020, with the first payment to be received by employers in the first week of May. Employers must pass this payment on to their employees.
  • Eligible employers include businesses structured through companies, partnerships, trusts and sole traders. Not-for-profit entities, including charities, will also be eligible.
  • Self-employed individuals are also eligible to receive the JobKeeper Payment.
  • Employers must elect to participate in the scheme. You can do this at https://www.ato.gov.au/general/gen/JobKeeper-payment/
  • To be eligible, an employee must have been on the employer’s books on 1 March 2020.
  • The JobKeeper Payment is open to full-time, part-time and long-term casuals (employed on a regular basis for at least the previous 12 months) and stood down employees. Employees that are re-engaged by a business that was their employer on 1 March 2020 will also be eligible.
  • Self-employed individuals will be eligible to receive the JobKeeper Payment where they have suffered or expect to suffer a 30 per cent decline in turnover relative to a comparable prior period (of at least a month).

Employers will be eligible for the JobKeeper Payment where the following criteria are satisfied:

  • For businesses with a turnover of less than $1 billion, there has been a reduction of more than 30 per cent in turnover relative to the comparable prior period (of at least a month); or
  • For businesses with a turnover of more than $1 billion, there has been a reduction of more than 50 per cent in turnover relative to the comparable prior period (of at least a month); and
  • The business is not subject to the Major Bank Levy.

Government factsheets:

JobKeeper Payment: https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_supporting_businesses_1.pdf

Employer factsheet: https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_Info_for_Employers_0.pdf

Employee factsheet: https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_Info_for_Employees_0.pdf

 

We hope you find this information useful and that you and your employees stay safe during this time.

Keeping our physical distance, but always here to help! 😊

Team POSmate