Further to our blog regarding the JobKeeper extension, when the current scheme ends on 27 September 2020, the eligibility criteria for the JobKeeper extension has now been relaxed.

Until the announcement on 7th August 2020, organisations would be reassessed based on the actual decline in GST and needed to demonstrate a continuing decline of turnover in the June and September quarters 2020, to be eligible for the period 28 September 2020 – 3 January 2021.

With the relaxed eligibility criteria, businesses will only need to show that their GST turnover had fallen in the September quarter, instead of multiple, to be eligible for the scheme’s extension.

As previously announced, businesses and not-for-profits will still need to further reassess their eligibility in January 2021 for the period from 4 January to 28 March 2021. Businesses and not-for-profits will need to demonstrate that they have met the relevant decline in turnover test in the December quarter 2020 to remain eligible for the March quarter 2021.

Employees will also qualify if they were employed on July 1 (with effect from 3 August 2020), rather than March 1.

Please do not hesitate to contact Bruno de Paiva, our expert on all JobKeeper matters. You can call him on 08 9240 7629 or email bruno@taxproaustralia.com.au.

You can download the latest fact sheet from the Treasury here