The first JobKeeper Extension period runs from 28 September 2020 to 3 January 2021.
You will need to show that your actual GST turnover has declined in the September 2020 quarter relative to a comparable period (generally the corresponding 2019 quarter).
You also need to have satisfied the original decline in turnover test.
The rates of the JobKeeper payment in this extension period are:
· Tier 1: $1,200 per fortnight (before tax)
· Tier 2: $750 per fortnight (before tax)
The Tier 1 rate applies to eligible employees who worked for 80 hours or more in the four weeks of pay periods before either 1 March 2020 or 1 July 2020. The Tier 1 rate also applies to eligible business participants who are actively engaged in the business for 80 hours or more in February 2020 and provide a declaration of that effect.
The Tier 2 rate applies to any other eligible employees and eligible business participants.
Read more at the below link:
Please contact our office to speak to one of our accountants if you would like to discuss further. Langley McKimmie Chartered Accountants (03) 5427 8100.