Time to get ready for JobKeeper 2.0 Extension 2

As the year draws to a close and the second (and final) extension for JobKeeper 2.0 arises, it’s now time to start reviewing your eligibility.

The final JobKeeper payments cover the period 4 January 2021 to 28 March 2021, and any eligible business can qualify for these payments. This means that you do not have to be already receiving JobKeeper payments to qualify as the payments will be open to any new participants provided they meet the eligibility requirements.

Employers will be tested based upon a 30% decline in revenue by comparing their December 2020 quarter turnover to the December 2019 quarter turnover and the alternative tests will follow a similar process to JobKeeper 2.0 Extension 1.

The fortnightly JobKeeper amounts will drop as follows:

• $1,000 per fortnight for workers/eligible business participants who have worked 20 hours or more per week, and;
• $650 per fortnight for other eligible persons.

If you think you might be eligible for JobKeeper Extension 2, please contact our office for assistance.

– James Davis

Posted 04.12.2020

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.