JobKeeper

JobKeeper 2.0 is go!

JobKeeper 2.0 is go!

After 6 months of, and multiple revisions to the administration to, JobKeeper, the extension to the scheme – labelled JobKeeper 2.0, begins today. JobKeeper 2.0 runs until 28 March 2021. In this article we summarise the main elements and qualification requirements of JobKeeper 2.0.

Sladen snippet - Certain JobKeeper payments don’t trigger superannuation guarantee – regulations made

Sladen snippet - Certain JobKeeper payments don’t trigger superannuation guarantee – regulations made

As part of the broader framework of the JobKeeper scheme (discussed here) established by the Coronavirus Economic Response Package (Payments and Benefits) Rules 2020, the Superannuation Guarantee (Administration) Amendment (Jobkeeper Payment) Regulations 2020 (Amending Regulations) have now been made.

Employers can use JobKeeper to Offset Annual Leave Liabilities

Employers can use JobKeeper to Offset Annual Leave Liabilities

JobKeeper is not just a financial subsidy for qualifying employers. We previously wrote about the extraordinary powers that employers help get them to the other side of the COVID-19 pandemic (or at least until September when the JobKeeper scheme is scheduled to end).

COVID-19: JobKeeper – further details on Alternative Decline in turnover test

COVID-19: JobKeeper – further details on Alternative Decline in turnover test

As part of the continued economic response to COVID-19, the Deputy Commissioner of the Australian Taxation Office (ATO) has recently made a determination pursuant to subsection 20(4) of the Coronavirus Economic Response Package (Payments and Benefits) Act 2020, outlining further tests under which an entity may satisfy the decline in turnover required in order to receive JobKeeper payments. This article discusses the various new “alternative” tests that an entity may utilise under the determination.

COVID-19: “JobKeeper is Go” - legislation passed

COVID-19: “JobKeeper is Go” - legislation passed

On 9 April 2020, the JobKeeper legislation received Royal Assent and the Treasurer issued the Rules that govern eligibility for JobKeeper until the schemes planned end on 27 September 2020. This article sets out the operation of the JobKeeper scheme.

Employment Law Benefits of JobKeeper

Employment Law Benefits of JobKeeper

Federal Parliament has recently legislated its $130 billion JobKeeper scheme. This will result in approximately 6 million workers receiving a fortnightly payment of $1,500 through their employer. These employees must have been employed at 1 March 2020 and remain employed during this time.