What is the JobKeeper extension?

From 28 September 2020 until 28 March 2021 JobKeeper will be extended to help businesses impacted by COVID-19 to cover the costs of their employees’ wages. The goal is to ensure more Australians can retain their jobs and continue to earn an income. 

If eligible, your employer will notify you if they intend to claim the fortnightly payment of $1,200 on your behalf from 28 September to 3 January 2021 if you were actively engaged in the business for 20 hours or more per week. For employees who were working for less than 20 hours a week, the rate will be $750 per fortnight. 

Most employees are not required to do anything further.

However, employees in the following circumstances will have additional obligations.

  • Employees that have multiple employers must notify the employer that is their primary employer.

  • Employees that are not Australian citizens must notify their employer of their visa status, to allow their employer to determine if they are an eligible employee.

  • Employees that are currently in receipt of, or have applied for, an income support payment should advise Services Australia of their change in circumstances online at my.gov.au or by telephone.

General advice warning

Rollit Wealth provides general information only. You should assess whether the information is appropriate for you having regard to your objectives, financial situation and needs and consider obtaining independent professional advice before making an investment decision. If information relates to a specific financial product you should obtain a copy of the PDS for that product and consider that statement before making a decision whether to acquire the product. Roll-it Super Pty Ltd. ACN 611 756 140. AFSL Authorised Representative No. 1273703 of MSC Advisory Pty Ltd. ACN 607 459 441. AFSL 480649 (MSCA).

Did this answer your question?