JobKeeper 3.0

SUMMARY OF KEY POINTS

1. The relevant date of employment will move from 1 March 2020 to 1 July 2020, which increases the number of employees able to access JobKeeper.

2. JobKeeper payments from 28 September 2020 – 3 January 2021:
Eligibility will be dependent on a 30% reduction in actual turnover between 1 July 2020 and 30 September 2020.
Note: This is for business with an aggregated turnover of $1billion or less. See link below for details on larger businesses and not for profits.

3. JobKeeper payments from 4 January 2021 to 28 March 2021:
Eligibility will be dependant on a 30% reduction in actual turnover between 1 October 2020 to 31 December 2020.

4. Payment rates reduced to $1,200 per fortnight from 28 September 2020 and $1,000 per fortnight from 4 January 2021. Note that there are further reductions in payments for employees working less than 20 hours per week.

For further details please refer to the Treasury Fact Sheet Here.
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