Financial manager computing
2020

JobKeeper Payment

JobKeeper Payment for employers and employees

The JobKeeper Payment is a temporary scheme open to businesses impacted by the coronavirus. This assistance will help businesses to keep people in their jobs and re-start when the crisis is over.

Under the JobKeeper Payment, businesses or not-for-profits impacted by the Coronavirus will be able to access a subsidy from the Government to continue paying their employees. Affected employers will be able to claim a payment of $1,500 per fortnight per eligible employee from 30 March 2020, for a maximum period of 6 months.

Initially, employers can register their interest in applying for the JobKeeper Payment via ato.gov.au from

30 March 2020. Subsequently, eligible employers will be able to apply for the scheme by means of an online application. The first payment will be received by employers from the ATO in the first week of May. Eligible employers will need to identify eligible employees for JobKeeper Payments and must provide monthly updates to the ATO. An employer that elects to participate is required to include all eligible employees in the scheme.

Participating employers will be required to ensure eligible employees receive, at a minimum, $1,500 per fortnight before tax. It will be up to the employer if they want to pay superannuation on any additional wage paid because of the JobKeeper Payment.

About Rebecca Hutchison information

Rebecca Hutchison is Finance Manager at Early Learning Management with 10+ years experience in bookkeeping & accounting in the childcare sector. Plus 20 years working in childcare centres from Assistant UP to Director. Rebecca was instrumental in reducing budgets through strategic plan development & implementation for an ASX listed company. As a Finance Specialist, Rebecca is in control of budgets, financial reporting & overall expenditures. Rebecca holds a Certificate IV in both Accounting & Bookkeeping from the Australian Institute of Financial Services & Accounting. Rebecca is also a registered BAS Agent & Xero Advisor Certified.

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