JobKeeper – Turnover Test Changes
From 28 September 2020, in addition to the existing eligibility requirements, organisations must reassess their eligibility for the JobKeeper payment extension with reference to their actual 2020 June and September quarter. Relevant continuing decline in turnover test must be proven by the organisations in both the quarters to be eligible for JobKeeper payments from 28 September 2020 to 3 January 2021.
Further reassessment of the organisations will be needed in January 2021 for the period from 4 January to 28 March 2021. Again, relevant continuing decline in turnover test in each of the previous three quarters must be demonstrated by the organisations to remain eligible for the March 2021 quarter.
|JobKeeper payment period
||Decline in Turnover Test
|28 September to 3 January 2021
||Applied by reference to actual turnover in both quarters ending June and September 2020
|4 January 2021 to 28 March 2021
||Applied by reference to actual turnover in quarters ending June, Sept, and Dec 2020
Should you require any further information please do not hesitate to contact a member of Coleman Greig’s Employment Law Team, who would be more than happy to assist you today.