The ATO has now released the requirements in respect of registration, reporting and payment obligations under the JobKeeper Scheme. There are many variables to accommodate specific employee and employer circumstances, but the information pack explains how it will work for most.
The association’s Auditor, Page Harrison & Co has made available the a compehensive COVID 19 Stimulus and Support Measures information package.
The online application process will be available from Monday 20 April 2020 via the Tax Agent and Business Portals. https://www.ato.gov.au/general/jobkeeper-payment/employers/enrol-and-apply-for-the-jobkeeper-payment/#ApplyfortheJobKeeperpaymentearlyMay2020
If you’re not already using the Business Portal the following link provides instructions on how to create your myGovID and attach it to the Business ABN. Please note that a myGovID is different to a myGov account.
Prior to registering for the Scheme the following steps should be undertaken:
- Determine employer eligibility – the business needs to satisfy the decline in turnover test of at least 30% once to be eligible for the scheme however the ATO will require confirmation and details of eligible employees and turnover to be provided on a monthly declaration. Exact details required by the ATO have not yet been released but it would be prudent to maintain up to date accounting records. Please refer to the Employer Eligibility Checklists for qualification criteria.
Employer Eligibility Checklists can be downloaded here
- Ensure you have met the wage condition for each eligible employee – the Government payment is a reimbursement and therefore the employer must have already paid these amounts to the employee to qualify. The ATO has made an allowance for the month of April only whereby the employer can make a top-up payment to eligible employees who have been paid less than the minimum of $1,500 less applicable tax per fortnight by the end of April.
- Provide each employee with a JobKeeper Employee Nomination Notice to complete and return to the employer prior to 30 April 2020. A copy of this form is attached for your convenience. You must retain electronic or physical signed copies of these forms. Prior to sending to staff please complete the Employer Section A of the form.
After registration every employee must be notified that they have been nominated in writing within 7 days. See attachment titled “Confirmation of JobKeeper Nomination”.
The ATO has advised that the consequence of claiming Scheme benefits when the business was not eligible or improper use of the scheme may result in repayment of the amounts received plus interest and penalties