Jobkeeper Comes to an End

By Warren Kruger / April 9, 2021 / 0 Comments

  | | | The ATO has advised that the final JobKeeper payment will be processed in April 2021. Enrolled businesses do not have to do anything when the program closes, although they will need to complete their final March monthly business declaration by 14 April 2021. Also, once a business is no longer claiming […]

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AAT Decision On Jobkeeper And Backdated ABNs

By Warren Kruger / February 23, 2021 / 0 Comments

  | | | On 21 December 2020, the AAT handed down its decision in a case relating to a taxpayer’s eligibility for JobKeeper payments, in circumstances where the Registrar of the Australian Business Register decided to reactivate a previously cancelled ABN after 12 March 2020, with a backdated effective date on or before 12 […]

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Employees on JobKeeper can Satisfy the ‘Work Test’

By Warren Kruger / November 14, 2020 / 0 Comments

  | | | The Australian Prudential Regulation Authority (‘APRA’) has confirmed that, where an employer is receiving the JobKeeper wage subsidy for an individual, superannuation funds should consider the individual to be ‘gainfully employed’ for the purpose of the ‘work test’, even if that individual has been fully stood down and is not actually […]

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Tax Treatment of JobKeeper Payments

By Warren Kruger / October 13, 2020 / 0 Comments

| | | Broadly, JobKeeper Payments received by an employer are assessable income to the employer. Likewise, the payments an employer subsequently makes to an employee that are funded (in whole or in part by the JobKeeper Payment) are generally allowable deductions to the employer. The ATO has recently issued some guidance for employers in […]

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Jobkeeper 2.0 – Tweaks To The ‘Decline In Turnover’ Tests

By Warren Kruger / September 15, 2020 / 0 Comments

  | | | On 21 July 2020, the Government announced that the JobKeeper Payment (‘JKP’) would be extended until 28 March 2021 (i.e., for a further six months beyond its original end date of 27 September 2020). As a result, JKPs will now be made over two separate extension periods, being: Extension period 1 […]

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Regulations Confirm No SG Obligation On Jobkeeper Payments Where Work Is Not Performed

By Warren Kruger / July 21, 2020 / 0 Comments

| | | The federal government has registered the Superannuation Guarantee (Administration) Amendment (Jobkeeper) Payment Regulations 2020. These regulations ensure that amounts of salary or wages that do not relate to the performance of work and are only paid to an employee to satisfy the wage condition for getting the JobKeeper payment are prescribed by […]

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