Significant changes made to the JobKeeper 2.0 package

JobKeeper 2.0 turnover tweak and change for the start date for employees, with those hired as of 1 July 2020 to be eligible for JobKeeper 2.0 from 3 August 2020.

Treasurer Josh Frydenberg has announced that eligibility for JobKeeper 2.0 will now be based on single quarters, in light of the stage 4 restrictions facing Melbourne.

The eligibility changes, which will apply nationwide from 28 September, will now require businesses to show the requisite actual decline in turnover for the September quarter alone, rather than for both the June and September quarters as previously announced.

Likewise, from 4 January 2021, businesses will only need to demonstrate a decline in turnover for the December 2020 quarter, rather than each of the June, September and December quarters.

There will also be a change for the start date for employees, with those hired as of 1 July to be eligible for JobKeeper 2.0 from 3 August.

See the link below to the ATO’s updated fact sheet released yesterday, explaining the full practicalities of the changes with a well-worked example that brings it all together:

https://treasury.gov.au/sites/default/files/2020-08/Fact_sheet-JobKeeper_Payment_extension.pdf

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