Employers, including not-for-profits, who intend to claim the new Federal Government ‘JobKeeper’ payments for staff will be required to enrol between today, Monday 20 April and this Sunday 26 April in order for payments to be backdated to 1 April.
PM Scott Morrison and Treasurer Josh Frydenberg have said JobKeeper will support “around six million workers over six months”, with payments of $1500 per fortnight per eligible employee.
“JobKeeper is available to companies, partnerships, trusts, sole traders and not-for-profits,” Mr Frydenberg said.
“It covers full and part-time workers and casuals who have been with their employer for 12 months.
“Further measures that will help businesses through this crisis include:
• Payments up to $100,000 (for businesses with annual turnover up to $50 million).
• Increasing the instant asset write-off from $30,000 to $150,000 (for businesses with annual turnover up to $500 million).
• A 50% accelerated depreciation deduction (for businesses with annual turnover up to $500 million).
• A 50% wage subsidy for apprentices and trainees (in businesses with up to 20 employees).
• A new Coronavirus SME Guarantee Scheme, where the Government will guarantee 50% of new loans (for businesses with an annual turnover up to $50 million).
If you have already registered your interest in the JobKeeper program you will still need to enrol through the ATO business portal. For more information or to enrol visit –
www.ato.gov.au/general/jobkeeper-payment/employers/.
More information about JobKeeper and other measures at: www.treasury.gov.au
