WHICH BUSINESSES ARE ELIGIBLE?
Eligible employers are businesses (including companies, partnerships, trusts, sole traders), not for profits and charities:
• with a turnover of less than $1 billion whose turnover has fallen by more than 30% (of at least one month), or
• with a turnover of $1 billion or more whose turnover has fallen by more than 50% (of at least one month).
• Big banks subject to the Major Bank Levy are not eligible.
Most businesses are expected to be able to establish that their turnover has fallen in the relevant month or three months (depending on the natural activity statement reporting period of that business) relative to their turnover a year earlier in 2019.
However where a business’s turnover a year earlier is not representative of their usual or average turnover, (e.g. because there was a large interim acquisition or their turnover is typically highly variable) the Tax Commissioner will have discretion to consider additional information that the business can provide to establish that they have been significantly affected by the impacts the pandemic.
The Tax Commissioner will also have discretion to set out alternative tests that would establish eligibility in specific circumstances (e.g. eligibility may be established as soon as a business has ceased or significantly curtailed its operations).
There will also be some tolerance where employers, in good faith, estimate a greater than 30 % (or 50%) fall in turnover but actually experience a slightly smaller fall.
Eligible employees include full time and part time employees, including stood down employees. Where a casual employee has been with their employer for at least the previous 12 months they will also be eligible for the Payment. Apprentices and trainees may also be eligible for the JobKeeper Payment. An employee will only be eligible to receive this payment from one employer.
The subsidy will include not for profit employees and New Zealanders who work in Australia but are typically unable to access welfare support. Self-employed individuals are also eligible to receive the JobKeeper Payment.
The subsidy is aimed at preventing workers from being stood down.
The Australian Government has put together a fact sheet dedicated to employers for more information.
• with a turnover of less than $1 billion whose turnover has fallen by more than 30% (of at least one month), or
• with a turnover of $1 billion or more whose turnover has fallen by more than 50% (of at least one month).
• Big banks subject to the Major Bank Levy are not eligible.
Most businesses are expected to be able to establish that their turnover has fallen in the relevant month or three months (depending on the natural activity statement reporting period of that business) relative to their turnover a year earlier in 2019.
However where a business’s turnover a year earlier is not representative of their usual or average turnover, (e.g. because there was a large interim acquisition or their turnover is typically highly variable) the Tax Commissioner will have discretion to consider additional information that the business can provide to establish that they have been significantly affected by the impacts the pandemic.
The Tax Commissioner will also have discretion to set out alternative tests that would establish eligibility in specific circumstances (e.g. eligibility may be established as soon as a business has ceased or significantly curtailed its operations).
There will also be some tolerance where employers, in good faith, estimate a greater than 30 % (or 50%) fall in turnover but actually experience a slightly smaller fall.
Eligible employees include full time and part time employees, including stood down employees. Where a casual employee has been with their employer for at least the previous 12 months they will also be eligible for the Payment. Apprentices and trainees may also be eligible for the JobKeeper Payment. An employee will only be eligible to receive this payment from one employer.
The subsidy will include not for profit employees and New Zealanders who work in Australia but are typically unable to access welfare support. Self-employed individuals are also eligible to receive the JobKeeper Payment.
The subsidy is aimed at preventing workers from being stood down.
The Australian Government has put together a fact sheet dedicated to employers for more information.
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