Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020 for a maximum period of 6 months

Employers will be eligible for the subsidy if:

• their business has a turnover of less than $1 billion and their turnover has fallen by more than 30 per cent (of at least a month); or
• their business has a turnover of $1 billion or more and their turnover has fallen by more than 50 per cent (of at least a month); and
• the business is not subject to the Major Bank Levy.

To establish that a business has faced either a 30% (or 50%) fall in their turnover, most businesses would be expected to establish that their turnover has fallen in the relevant month or three months relative to their turnover a year earlier.

• Where a business was not in operation a year earlier or their turnover a year earlier was not representative of average turnover, the Tax Commissioner will have discretion to consider additional information that the business can provide to establish that they have been significantly affected by Coronavirus.

The employer must have been in an employment relationship with eligible employees as at 1 March 2020, and confirm that each eligible employee is currently engaged in order to receive JobKeeper Payments.

Employees will be eligible for the subsidy if:

• currently employed by eligible employer (including those stood down or re-hired)
• were employed by the employer at 1 March 2020
• are full-time, part-time, or long-term casuals (a casual employed on a regular basis for longer than 12 months as at 1 March 2020)
• are at least 16 years of age
• are an Australian citizen, the holder of a permanent visa, a Protected Special Category Visa Holder, a non-protected Special Category Visa Holder who has been residing continually in Australia for 10 years or more, or a Special Category (Subclass 444) Visa Holder
• are not in receipt of a JobKeeper Payment from another employer

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If you have any questions please don’t hesitate to contact your property manager or sales agent directly. Alternatively, you can call our office on (02) 9698 8818.