JobKeeper Payments – 9 step guide

 (updated 27th April 2020)

Businesses who have been significantly impacted by COVID-19 will be able to access a wage subsidy to continue paying employees.  Under the JobKeeper program you will be able to claim a fortnightly payment of $1,500 per eligible employee from 30th March 2020.  This measure is designed to ensure eligible employers remain connected to their workforce and to assist businesses restart quickly, once the crisis is over.


9 step guide – for employers

Step 1: Register your interest for information (THIS STEP HAS NOW CLOSED)

Step 2: Be aware of your responsibilities and the integrity measures.  The framework for the JobKeeper Payment has robust features to ensure integrity and allow swift and effective action to be taken against fraud and other abuse.  Therefore it is essential for you to read & understand this integrity document prior to applying for the JobKeeper Payments.

Step 3: Work out if you are an eligible employer

Tip: regarding the “turnover test”, this can include calculating your actual or projected decline in turnover for the month of March, the month of April or the quarter starting 1 April. Note that this is not simply the sales reported on your BAS.

Step 4: Determine if your employees meet the eligibility requirements.

Step 5: Continue to pay at least $1,500 (before tax) to each eligible employee per JobKeeper fortnight. For the first two fortnights (30 March – 12 April and 13 April – 26 April), the ATO will accept the min $1,500 payment has been paid, (even if late) provided it is paid by the end of April.  This means you must ensure you’ve made a combined payment of at least $3,000 before the end of April.

Tip: if your staff typically earning less than $1500 a f/n you could face a large increase in your payroll expenses that you must cover from your own resources before being reimbursed from the ATO. You must also ensure that superannuation, payroll taxes and other costs are paid according to your obligations.

Step 6: Notify your eligible employees that you intend to claim the JobKeeper Payment on their behalf and confirm they aren’t claiming the JobKeeper payment through another employer or nominated business.

Step 7: Have your employees complete the JobKeeper Employee Nomination Notice and return to you by the end of April (if you plan to claim the JobKeeper payment for April).  You must keep this signed notice on file and also provide a copy to our office.

Step 8: From the 20th April 2020, you can enrol for the JobKeeper Payments using the Business Portal and authenticate with your myGovID. You must do this by the end of April to claim JobKeeper payment for April. In the online form, provide your bank details and indicate if you are claiming an entitlement based on business participation, for example if you are a sole trader.

Step 9: From 4th May 2020, claim JobKeeper payment by specifying the estimated number of employees who will be eligible for the first JobKeeper fortnight (30 March – 12 April) and the second JobKeeper fortnight (13 April – 26 April).

Further step must be taken to continue to receive the JobKeeper Payments – these can be found on the ATO website

Need our Help?

If you would like our assistance assessing the criteria, eligibility or applying for the JobKeeper Payments package and/or other Government stimulus packages, please contact our office to discuss our fees for this service.


4 step guide – for self employed

Step 1: Register your interest for information (THIS STEP HAS NOW CLOSED)

Step 2: Be aware of your responsibilities and the integrity measures.  The framework for the JobKeeper Payment has robust features to ensure integrity and allow swift and effective action to be taken against fraud and other abuse.  Therefore it is essential for you to read & understand this integrity document prior to applying for the JobKeeper Payments.

Step 3: Work out if you are an eligible business participant and if your business is an eligible business entity.

Tip: regarding the “turnover test”, this can include calculating your actual or projected decline in turnover for the month of March, the month of April or the quarter starting 1 April. Note that this is not simply the sales reported on your BAS.

Step 4: From the 20th April 2020, your entity can enrol for the business participation entitlement using an online form, which will be available on the ATO website.

After you enrol, there will be other notification conditions which you will need to meet. More information will be available soon.

Further details can be found on the ATO website

Need our Help?

If you would like our assistance assessing the criteria, eligibility or applying for the JobKeeper Payments package and/or other Government stimulus packages, please contact our office to discuss our fees for this service.


Further information

JobKeeper Factsheet – Announcement

JobKeeper Factsheet – FAQ

Supporting businesses to retain jobs

Protecting integrity

JobKeeper – FAQs

Information for employers

Information for employees

Rules

Explanatory Statement