The JobKeeper Payment scheme has been extended from 28 September 2020 until 28 March 2021.
"There are some key dates to keep in mind, and simple steps employers can take now, so they are ready for the changes, but please remember that not everything needs to be done from next week" said Deputy Commissioner James O'Halloran.
"From Monday 28 September, employers will need to pay their eligible employees a different rate of JobKeeper, with the rate dependent on the number of hours they work. These rates will change again from Monday 4 January," said Mr O'Halloran.
It is important for employers to let their eligible employees know now what rate of JobKeeper payment they will receive. This will then be the amount that the ATO pays to employers.
Key dates to remember
Now: notify your employees about the JobKeeper payment they can expect to receive.
28 September 2020: start paying your eligible employees Tier 1 and Tier 2 JobKeeper rates based on their hours worked.
From 28 September: if using Single Touch Payroll to notify us of your eligible employees, provide each eligible employee's Tier as part of your normal payday reporting. Enrol for the JobKeeper payment if you're doing so for the first time.
Between 1 – 14 October 2020: complete your October JobKeeper monthly business declarations to receive your reimbursement for the September fortnights.
Between 1 – 31 October 2020: prepare and submit your businesses actual decline in turnover to the ATO.
Before 31 October 2020: ensure you meet the wage condition for all eligible employees included in the JobKeeper scheme for the JobKeeper fortnights starting 28 September 2020 and 12 October 2020.
From 1 November 2020: complete your monthly business declaration and confirm what payment tier you are claiming for each employee.
Please do not hesitate to contact us to discuss any of the above.