Registering for the JobKeeper Payment
In regards to our previous post explaining the Jobkeeper Payment, we are now encouraging clients to register their interest for the Jobkeeper payment if they qualify to register.
As outlined in the information sent last night and available to us at this stage, the following sets out the criteria that you need to satisfy to qualify:
- Your business has a turnover of less than $1.0 billion (that is most of us!!) and your turnover will be reduced by more than 30% relative to a comparative period a year ago;
- Your business is not subject to the major Bank Levy (this is satisfied by all business clients of our practice)
The registration process is very simple and will take you less than 2 minutes.
More detail will be provided to us as the announcement becomes law so we will understand more about the technical detail over the coming days.