On 21 July 2020, the Government announced that the JobKeeper Payment (‘JKP’) would be extended by a further six months to 28 March 2021 on a scaled-back basis, with businesses being required to re- assess their eligibility to remain in the scheme (which received Royal Assent on 3 September 2020).
In this update, we outline the Jobkeeper 2.0 announcement including:
- Extension of JKP
- Decline in turnover test
- Alternative decline in turnover tests
- Wage conditions for employees
- ‘Reference periods’ for employees
- Eligible business participants
For details, please click the button below to download our latest update: