JobKeeper payment scheme & charitable concession
UPDATE: JobKeeper payment plan is now open. Get started here.
Employers are set to receive a fortnightly wage subsidy up to $1,500 per employee in an attempt to prevent millions of people losing their jobs to the coronavirus pandemic.
To be eligible, employers will have experienced a 30 per cent fall in revenue since March 1. Register your interest in the JobKeeper payment program here: https://www.ato.gov.au/
The JobKeeper payment is expected to last for the next six months and there will be legal obligation on employers to ensure they pass the full wage subsidy onto employees.
The wage subsidy will include not-for-profit employees and New Zealanders who work in Australia but are typically unable to access welfare programs.
Part-time workers and casuals with at least one year in their job can receive the payment, which is slated to start flowing in early May.
It will be backdated to include anyone who has been stood down due to coronavirus. However, a person cannot receive both the JobSeeker and JobKeeper payments.
Sole traders, self-employed people, partnerships and trusts will also be eligible.
The situation would be more complex for anyone who has already been retrenched who is re-hired in relation to payouts already made.
JobKeeper Charitable Concession
Registered charities will be eligible for JobKeeper payments of $1,500 per worker if they have suffered a 15 per cent decline in turnover as a result of COVID-19.
The reduced threshold follows conversations with the sector which provides services ranging from mental health support to access to food for vulnerable Australians.
Compared to businesses and other not-for-profits, it is expected charities will have a significant increase in demand for their services.
The 15% decline for charities compares to a 30% decline threshold for business and NFP’s with turnover up to $1bn seeking to access JobKeeper payments.
The Treasurer, Hon. Josh Frydenberg MP, made the announcement noting there are more than 57,000 charities employing more than 1.3 million Australians.
Eligible businesses and charities can apply for the payment online and are able to register their interest via ato.gov.au.