From 4 January, the wage subsidy payments will fall to $1,000 per fortnight for those on the tier 1 rate and $650 per fortnight for those on tier 2.
The new rates will apply until the JobKeeper program comes to its scheduled end date of 28 March.
Entities looking to claim JobKeeper payments for the period running from 4 January to 28 March will need to demonstrate a decline in actual GST turnover for the December 2020 quarter.
With this next phase kicking in around the festive period, the ATO has now provided revised dates that employers and their advisers should be aware of:
- New decline in turnover form available.
- Meet wage condition for JobKeeper fortnight 20 (21 December 2020 to 3 January 2021).
- Business monthly declaration due for payments made in JobKeeper fortnights 18, 19, and 20. An extension from the usual 14th of each month.
- Meet wage condition for JobKeeper fortnights 21 and 22.