Treasury has just released a fact sheet containing FAQS in relation to the JobKeeper Payment package.
- Available from 30 March 2020 to 27 September 2020.
- First payments will flow in first week of May.
- To be eligible, employers need to continue to pay staff then seek reimbursement. This includes the first payment period from 30 March to 12 April 2020.
- Even if staff are stood down, the employer has to keep paying the salary or wage in the meantime. If cash flow is an issue, the Government suggests employers should speak to their bank to seek credit until early May.
- Employees must be at least 16 years of age on 1 March 2020.
- Are you a Partnership? Only 1 partner can receive the JobKeeper Payment
- Are you a Trust? Only 1 individual beneficiary can receive the JobKeeper Payment.
- Are you a company paying director’s fees? Only 1 director can receive the JobKeeper Payment.
- Are you a company that pays dividends? Only 1 shareholder can receive the JobKeeper Payment.
- Employing an apprentice? The 50% wage subsidy available 1 January to 31 March 2020, but not eligible from 1 April 2020 if receiving the JobKeeper Payment.
- Integrity rules will apply.
The full fact sheet can be found here.