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Job Keeper extension round 2 - are you eligible?

Job Keeper Extension round 2 – Are you eligible?

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Job Keeper Extension round 2 – Are you eligible?

The new Job Keeper Extension period will run from the 4 January 2021 to the 28 March 2021. You can be eligible for JobKeeper extension 2 even if you were not eligible for JobKeeper extension 1 and must have satisfied the original decline in turnover test.

You will need to show that your actual GST turnover has declined in the December 2020 quarter relative to a comparable period (generally the corresponding quarter in 2019).

So we can determine your eligibility, can you please provide the following:

  • Advise your December 2019 income and confirm whether it includes GST or not;
  • Advise your December 2020 income and confirm whether it includes GST or not;
  • The ATO will match the figures for the above quarters to your lodged BAS;
  • If there are any variances to the figures you provide us for the above quarters and your lodged BAS, we will need to provide an explanation as to why;
  • Confirm the number of eligible staff and/or business participants; and
  • Please ensure that you keep/maintain records of your income (including all prior months);

We will require this information to be supplied by the 29th January 2021 in order to assess your eligibility in time to lodge you application.

Other Information for You

The actual decline in turnover test is satisfied for extension 2 when your current GST turnover for the quarter ending 31 December 2020 (the months of October, November and December) has declined by the specified shortfall percentage (15%, 30% or 50%) in comparison to your current GST turnover for the quarter ending 31 December 2019.

The new extension period 2 will be split into two rates:

Tier 1 rate: Tier 2 rate:

This rate applies to:

  • eligible employees who worked for 80 hours or more in the four weeks of pay periods before either 1 March 2020 or 1 July 2020, and
  • eligible business participants who were actively engaged in the business for 80 hours or more in February and provide a declaration to that effect.

This rate applies to:

  • any other eligible employees and eligible business participants.

The rates of the JobKeeper payment in this extension period are:

  • Tier 1: $1,000 per fortnight (before tax)
  • Tier 2: $650 per fortnight (before tax).

Our team at Gerard Wilkes & Associates are here to help. If you have any questions or would like to discuss this article further, please contact us at https://www.wilkes.com.au/contact-us/ or call our office 07 5532 1733.

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