JobKeeper has been extended to 28 March 2021.   It is referred to as JobKeeper 2.0. Another 6 months of JobKeeper has been approved.  There are Amending Rules but they do not replace the existing JobKeeper rules. The amendments to the JobKeeper Payment apply after 27th September 2020. There have been changes to the way eligibility is assessed and also changes in relation to employees. To qualify for the JobKeeper Payment after 27th September 2020, businesses must satisfy the new actual GST decline in turnover test.  It is important to note that a business may not have qualified previously for JobKeeper but may now qualify if the turnover test is met. For the first extension period starting on 28th September 2020 and ending on 3rd January 2021, the turnover test will be satisfied where the entity’s actual GST turnover has declined by 30% for the quarter ending 30 September 2020, relative to its September 2019 quarter. For the second extension period for JobKeeper fortnights that start on 4th January 2021 and end on 28 March 2021, the comparison test will compare the GST turnover for the quarter ending 31 December 2020, relative to its December 2019 quarter. To receive JobKeeper … Continue reading JobKeeper 2.0 Extension