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JobKeeper 1.0 changes

Amendments to the JobKeeper 1.0 Rules were released on Friday 14th August allowing businesses to claim the subsidy in respect of new employees who were on the books as at 1 July 2020. The changes apply to JobKeeper fortnights beginning on or after 3 August 2020.

If you have any new employees in this category please have them complete and sign a “Jobkeeper payment – Employee Nomination Notice” (https://www.ato.gov.au/forms/jobkeeper-payment—employee-nomination-notice/) by Friday 21 August and contact your BMO Accountant to ensure this is reported correctly with the ATO.

Another very positive change relates to the ability for an employee to re-nominate with a new employer (which was previously not allowed). Broadly, if an individual was a 1 March 2020 employee of another entity but is not employed by that entity at any time from the start of 1 July 2020, then the individual is now permitted to give a nomination notice to a new employer. The same applies for eligible business participants, as applicable.

The ATO has also confirmed that for fortnights commencing on 3 August and 17 August 2020, employers will have until 31 August 2020 to meet the wage condition for all new eligible employees who are now included in the JobKeeper scheme under the 1 July 2020 eligibility test.

Read the full Updated Factsheet here>>

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