On the 8th April, the Government passed the JobKeeper Legislation. We are now awaiting Royal Assent to the Legislation. We expect the Legislative Rules will then be released – we hope for early next week.
In the meantime, we provide the following updates arising from the passing of the legislation:
The ATO is creating a JobKeeper website. The current website registration link is not the application, but merely a record of your email address so that you will receive updates from the Tax Office. We expect the registrations will be live soon as the deadline for registrations to receive the first round of payments is 26 April.
We recommend you commence reviewing and preparing your records as follows:
Additionally, we comment on the following issues:
HQB is endeavoring to keep you up to date as COVID-19 issues evolve, as we expect that it will continue to change rapidly. Whilst time is short to the deadline date, our commitment is to assist all our business clients impacted by COVID-19 to determine if JobKeeper is applicable.
– Ian Hogbin & Annie Wills
This article is compiled as a helpful guide for your private information and is subject to copyright. We suggest that you do not act solely on the basis of material contained in this article because items are of general nature only and may be liable to misinterpretation in particular circumstances. We recommend that our advice be sought before acting on any of these crucial areas.