The JobKeeper Payment will support eligible employers to remain connected to their employees and to quickly re-activate their operations when the crisis is over.
The Australian Taxation Office (ATO) is administering the JobKeeper Payment and businesses can enrol on the ATO website.
As part of the application process, businesses and not-for-profits need to assess that they have or will likely experience the required turnover decline.
Employers (including not-for-profits) will be eligible for the subsidy if:
- their business has an aggregated turnover of less than $1 billion (for income tax purposes) and they estimate their GST turnover has fallen or will likely fall by 30 per cent or more; or
- their business has an aggregated turnover of $1 billion or more (for income tax purposes) and they estimate their GST turnover has fallen or will likely fall by 50 per cent or more.
An employer is not eligible for the JobKeeper payment if:
- the Major Bank Levy was imposed on the entity or a member of its consolidated group for any quarter before 1 March 2020;
- the entity is an Australian government agency (within the meaning of the Income Tax Assessment Act 1997);
- the entity is a local governing body;
- the entity is wholly owned by an Australian government agency or local governing body;
- the entity is a sovereign entity or an entity owned by a sovereign entity;
- the entity is a company in liquidation; or
- the entity is an individual who has entered bankruptcy.
The Tax Commissioner has discretion to consider additional information that the business or not-for-profit can provide to establish that they have been significantly affected by the impacts of the coronavirus.