The Australia Government has made its much anticipated announcement about the JobKeeper program, extending it to 28 March 2021. The program will continue to run in its existing form, until its originally scheduled conclusion on 27 September 2020. From 28 September 2020 JobKeeper will continue with the following changes:
The Commissioner for Taxation will have the discretion to set alternative tests where an employee’s or business participant’s hours were not usual during February 2020 (on leave, volunteering, or only recently hired).
We hope this overview has provided some useful guidance during these difficult times. However, please remember that businesses should always seek independent and specific legal and accounting advice and that we are here to support you.
Gavin Parsons and Associates can assist you with any questions you may have regarding your business or that of your clients. Contact Gavin Parsons and Associates on (02) 9262 4471 for a free no-obligation consultation today.