If you are receiving a monthly JobKeeper subsidy for employees, it is essential that you reassess eligibility for any employees that are either new, or were not previously eligible. This must be done without delay to ensure that any 'newly eligible' employees are paid the minimum amount of $1500 per fortnight from the fortnight starting on 3rd August.
What has changed…..
Basically, all criteria was based around a date of 1st March 2020. THIS DATE HAS NOW CHANGED to 1st July 2020.
This means that:
a) staff who started after 1st March but before 1st July may now be eligible, and
b) staff who did not meet the criteria on 1st March may now meet it.
What if I do nothing……
If you have newly eligible employees and do not reassess and complete the necessary steps, you will not be eligible for any JobKeeper subsidy from 3rd August, as it is a 'one-in, all-in' rule.
Please contact us
if you need help or if you are not sure whether or not this applies to you – it is better to be safe than sorry.