The Australian Taxation Office (ATO) announced an extension of the time available for businesses to pay their employees, and still be able to claim back the first JobKeeper payments.
The JobKeeper program was established to provide employment-related relief in response to the coronavirus (COVID-19) pandemic.
According to an ATO release, businesses suffering from a significant reduction in turnover due to COVID-19 will now have until 8 May 2020 to determine that all eligible employees have received a minimum of $3,000* in gross wages for the first two fortnights of the JobKeeper support period.
The Commissioner of Taxation also extended until 31 May 2020 (from 30 April 2020) the date for enrolment for the initial JobKeeper periods.
These extensions do not negate an obligation for businesses to determine that they continue to pay eligible employees $1,500 in each JobKeeper fortnight or the other eligibility criteria.
The ATO provided a list of “frequently asked questions” (FAQs) for employers regarding the JobKeeper program.
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