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The ATO has released their guidelines for the JobKeeper Payment, a wage subsidy where eligible businesses affected by COVID-19 will be able to claim a payment of $1,500 per fortnight, per eligible employee, and/or for one eligible business participant (ie. sole trader, partner in a partnership, company director or shareholder or trust beneficiary) from 30 March 2020 until 27 September 2020.

The registration process is as follows:

  • Step 2 – Continue to pay at least $1,500 to each eligible employee per JobKeeper fortnight (the first JobKeeper fortnight is the period from 30 March 2020 to 12 April 2020). Note “When to pay my Employees” below.
  • Step 3 – Notify your eligible employees that you are intending to claim the JobKeeper payment on their behalf, and check they aren’t claiming JobKeeper payment through another employer or have nominated through another business.
  • Step 4 – Send the JobKeeper employee nomination notice to your nominated employees to complete and return to you by the end of April if you plan to claim JobKeeper payment for April. Keep it on file and provide a copy to us.
  • Step 5 – From 20 April 2020, you can enrol with the ATO for the JobKeeper payment using the Business Portal and authenticate with myGovID, or contact us to facilitate it through our Tax Agent Portal. You must do this by the end of April to claim JobKeeper payments for April.
  • Step 6 – In the online JobKeeper enrolment form, provide your bank details and indicate if you are claiming an eligible business participant, for example, if you are a sole trader, director, partner or beneficiary of an entity. Please note you cannot be an employee of the business or another business to qualify. A limit applies of one $1,500 JobKeeper payment per fortnight for the eligible business participant. Please note a you will also need to keep a declaration form on file.
  • Step 7 – Specify the estimated number of employees who will be eligible for the first JobKeeper fortnight (30 March – 12 April) and the second JobKeeper fortnight (13 April – 26 April) directly through your payroll software. Please contact us if you would like us the facilitate this process.
  • Step 8 – Monthly business declaration made via the Business Portal or contact us to facilitate it through our Tax Agent Portal. 

When to pay my Employees

You need to re-start or continue to pay your eligible employees at least $1,500 a fortnight in line with your existing pay cycle through your existing payroll software.

You should pay your employees for each JobKeeper fortnight you plan to claim for. The first fortnight is from 30 March – 12 April and each JobKeeper fortnight follows after that.

For the first two fortnights (30 March – 12 April, 13 April – 26 April), the ATO will accept the minimum $1,500 payment for each fortnight that has been paid by you even if it has been paid late, provided it is paid by you by the end of April. This means that you can make two fortnightly payments of at least $1,500 per fortnight before the end of April, or a combined payment of at least $3,000 before the end of April.

If you usually pay your employees less frequently than fortnightly, the payment can be allocated between fortnights in a reasonable manner. For example, if you pay your employees on a monthly pay cycle, your employees must have received the monthly equivalent of $1,500 per fortnight.

Click here for the ATO website guidelines for Employers.

Should you require assistance with the registration process please contact us.