JobKeeper enrolment date has been extended!
For those employers and sole traders who are eligible for JobKeeper payments, the time to enrol has been extended to 31 May 2020. Enrolment by this date will still allow you to claim the April and May fortnightly JobKeeper payment reimbursements, provided you have paid and continue to pay your eligible employees for each fortnight (including any 1 March 2020 employees stood down but re-engaged).
Even though the business enrolled later, but on or before 31 May 2020, it may receive the first fortnight 30 March to 12 April 2020 reimbursement payment, provided the business experienced a 30% reduction in revenue for March 2020 or April 2020. Should the business 30% decline have occurred in May 2020 then entitlement will be for the May and later JobKeeper reimbursement payments.
Should, for example, the 30% decline in revenue occur in July 2020 then the entitlement will be for the July and subsequent fortnightly payments. In this and similar cases the enrolment may occur post 31 May 2020 e.g. July decrease in revenue requires July enrolment.
If you need assistance with JobKeeper payment enrolment or reporting, CONTACT US without delay!
PHOTO CREDIT: ATO