Posted by Allison Anthony | 20 April 2020 | COVID-19
This alert is current as at 11 April 2020 and will be updated when more information becomes available. It is provided as general information only and not intended as legal advice.
The Federal Government has introduced this package as a temporary scheme to keep people in their jobs and re-start work when the COVID-19 crisis is over – enabling many employees to keep their job and earn an income.
The subsidy will start on 30 March 2020, with the first payments being received by ‘eligible’ employers in the first week of May.
WHO’S ELIGIBLE TO APPLY?
Employers (including not-for-profits) will be eligible for the subsidy if, at the time of applying:
See the Federal Government website for further information concerning self-employed and not-for-profits – and for the definition of ‘aggregated turnover’.
WHO IS AN ELIGIBLE EMPLOYEE?
Employers can only claim the JobKeeper payment for eligible employees that were in their employment on 1 March 2020 – and continue to be employed whilst the payment is being claimed. An eligible employee is an employee who:
The JobKeeper payment can only be claimed by eligible employers if $1,500 per fortnight is paid (before tax) to each eligible employee.
HOW TO REGISTER?
Businesses are able to register their interests in participating in the scheme through the ATO’s website www.ato.gov.au.
This publication is © Nexus Law Group and is for general guidance only. Legal advice should be sought before acting in relation to any specific issues.
In our COVID-19 NEXUS Alerts #2 and #3, we looked at the Commonwealth and NSW legislative measures which had been introduced to mitigate the impact of COVID-19 pandemic on certain commercial and retail leases – with detail being proposed to follow via specific state and territory regulations being adopted. NSW has now enacted its regulations.