JobKeeper Extension

The second extension of the JobKeeper payment applies from 4th January 2021 to 28th March 2021.

For each extension period an actual decline in turnover test applies (normally 30%), and the rate of the JobKeeper payment is different.

The actual decline in turnover test for Extension 2 is satisfied when your current GST turnover for the quarter ending 31 December 2020 (for the months of October, November and December), has declined by 30% in comparison to your GST turnover for the quarter ended 31 December 2019.

If the quarter ending 31 December 2019 is not an appropriate comparison period, you may be able to use an alternative test.

You must use the same method of accounting as for your GST returns. That is cash or accrual.

If you did not qualify for the JobKeeper Payment for Extension 1, you may still qualify for Extension 2.

If you are not registered for GST, you can still be eligible for JobKeeper through an analysis of your business records.

You can enrol at any time until the program closes.

If you think you may be eligible for JobKeeper Extension 2 payment please contact us for assistance.

Following is a link to the ATO website if you require further information.
<https://www.ato.gov.au/general/jobkeeper-payment/jobkeeper-extension-announcement/>