7th August, 2020 ยท bulletin

Government Announces New Changes to
JobKeeper

< 1 minute to read

The Morrison Government has today announced changes to the JobKeeper scheme designed
to expand the eligibility criteria to capture more businesses seeking support. This is welcome
news, particularly for our Victorian members, and is a sign that the Government has been
listening to our calls to take into consideration the effect of strong June results that would have
resulted in nearly all Dealers losing access to JobKeeper after 27 September 2020.

This is also positive news for Dealers across the country as the impacts of the Victorian
lockdowns are already having an effect on supply and operations nationally.

Download Revised JobKeeper Details

The most important details for Dealers are:

  • The JobKeeper payment that was scheduled to run until 27 September 2020 will now
    continue through to 28 March 2021;
  • To be eligible from 28 September, businesses will have to demonstrate a decline in
    turnover using actual GST turnover rather than projected GST turnover;
  • From 28 September, eligibility will be determined by assessing actual GST turnover in
    the September quarter, 2020 only;
  • From 4 January 2021, eligibility will be determined by assessing actual GST turnover in
    the December quarter, 2020 only;
  • From 3 August, the relevant date of employment moves from 1 March to 1 July 2020,
    increasing employee eligibility for the existing scheme and the extension;
  • From 28 September, the JobKeeper rate has been reduced from $1,500 a fortnight to
    $1,200;
  • From 4 January 2021 the rate drops from $1,200 to $1,000 a fortnight;
  • The eligibility thresholds for reduction in turnover remain as before at 50% for
    businesses with turnover of more than $1 billion and 30% for businesses with turnover of
    $1 billion or less.

 

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