Coronavirus Economic Response Package (Payments and Benefits) Rules 2020
The jobkeeper payment is intended to assist businesses affected by the Coronavirus to cover the costs of wages of their employees.
The jobkeeper scheme starts on 30 March 2020 and ends on 28 March 2021.
A business that has suffered a substantial decline in turnover can be entitled to a jobkeeper payment each fortnight for each eligible employee. It is a condition of entitlement that the business has paid salary and wages of at least the amount of the jobkeeper payment to the employee in the fortnight.
A business that has suffered a substantial decline in turnover can also be entitled to a jobkeeper payment each fortnight for one business participant who is actively engaged in operating the business.
A registered religious institution that has suffered a substantial decline in turnover can also be entitled to a jobkeeper payment each fortnight for each eligible religious practitioner who is active as a member of the institution.
The jobkeeper scheme is administered by the Commissioner of Taxation.
The Commissioner pays the jobkeeper payment to entities shortly after the end of each calendar month, for fortnights ending in that month.
Some of the administrative arrangements for the scheme are set out in the Act.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.