The Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 8) 2020 was registered in September by Treasurer John Frydenberg.
This affects JobKeeper payments by setting out the decline in turnover test, which extends JobKeeper to 28 March 2021 and two-tiered payment rates.
1. First extension period (28 September 2020 - 3 January 2021)
- employees who worked 80 and above hours in the period of 28 days before 1 March 2020 or 1 July 2020 would be entitled to payments of $ 1200 every two weeks.
- all other employees will receive $ 750 instead.
2. Second extension period (4 January 2021 - 28 March 2021)
- the same as above, except that the rates drop to $ 1000 per fortnight and $ 650 per fortnight.
The decline in turnover test is affected by whether or not the entity is an ACNC-registered charity. The business is required to demonstrate a decline in turnover of 15%, 30% or 50% relative to the comparable quarter of 2019.
In order to qualify for the first extension period, you should satisfy the new actual turnover test for the quarter ending on the 30th of September 2020.
For the second extension period, the same applies, except for the quarter ending on the 31st of December 2020 instead.
Since the aim is to capture the most recent impacts (of the year 2020 in general) and to take those into account, disqualification for the first period does not affect your qualifications for the second period.
The test to determine which rate will apply depends on the assessment of hours spent operating a business or undertaking any business adjacent tasks.