21 / 07 / 2020
The extended payment will see changes to eligibility for businesses and the introduction of a 2-tiered payment system.
Changes to eligibility
Businesses will be required to demonstrate a 'significant' and 'ongoing' decline in turnover to qualify for the extended JobKeeper.
To be eligible for the payment in December, businesses must demonstrate a loss of turnover for both June and September quarters of 2020. For the March payment, businesses must demonstrate a decline in turnover for the previous three quarters.
Changes to payment amount
From 28 September 2020 the extended JobKeeper will be a 2-tier system based on the average number of hours an employee worked in the 4 weeks leading up to 1 March 2020. Employees must have worked an average of 20 hours or more a week during this period to receive the full rate.
Under the tiered system, from 28 September 2020 to 3 January 2021 employees will receive either:
- the full rate of 1200 per fortnight, or
- the lower rate of 750 per fortnight.
Then from 4 January 2021 to 28 March 2021 employees will receive either:
- the full rate of 1000 per fortnight, or
- the lower rate of 650 per fortnight.
Read the full media release on the Prime Minister's website.