As a result of the release of the Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 8) 2020, (which received Royal Asset on 3 September 2020), the JobKeeper payment will be extended to 28 March 2021.
Please click here to download a summary of the key aspects of the new rules for the extension of the JobKeeper Payment, which are:
1. Extension of the JobKeeper Payment to 28 March 2021;
2. The new actual GST Decline in Turnover Test;
3. Wage Condition for Employees;
4. Eligible Business Participants; and
5. Notification Requirements.
We have also published this summary, along with our previous updates, on our website Resources page.
Keep safe and kind regards
Barrie Pike and Kevin Prout