Eligibility, payment rates, and the compliance obligations
Recorded Monday, 21 September 2020
FPA accreditation: 22940 Total CPD hours: 1.25
0.50 Regulatory compliance & consumer protection
0.75 Technical competence
Identifying clients who qualify beyond September Determining the payment rate for employees Compliance obligations for employers
The Treasurer has finally released the detailed Rules dealing with the extension of the JobKeeper scheme until 28 March 2021. The rules and explanatory statement flesh out the high level comments that have previously been provided by Treasury on how the extended JobKeeper scheme will operate in practice. The ATO has also released detailed guidance on specific areas of the new rules, including how to calculate GST turnover and modified rules for determining the payment rate that applies for individuals.
The JobKeeper 2.0: The New Rules Webinar explores the practical implications for employers, employees and business participants as we move from the original JobKeeper scheme into the expanded system.
We walk through the eligibility tests, how the decline in turnover tests work, applying the new payment rates, compliance and the overlap between the original and the extended rules.
What we cover
Clients currently eligible for JobKeeper want to know, right now, whether they are eligible for Jobkeeper from 28 September 2020 and what they need to be doing to meet the compliance requirements. This essential webinar walks through the new Rules and explores the compliance requirements.
Managing the interaction between the old and new decline in turnover tests
The new turnover test periods that can be used to qualify for JobKeeper
How to determine whether employees and business participants qualify for the higher or lower payment rate
The eligibility rules that haven't changed and still need to be managed carefully
What employers need to do to comply with the new rules
Note: The Commissioner's alternative tests had not been released at the time of this recording.
Our presenter
Michael Carruthers Tax Director, Knowledge Shop
Michael oversees the development of the tax team for Knowledge Shop and Hayes Knight in Sydney and is head of the Easton group’s national tax committee.
Michael has a knack for seeing through the complexity and helping practitioners work through highly technical issues with certainty and accuracy. Michael is a member of the advisory panel for the Board of Taxation and was a member of the reference group for the Board’s review of small business concessions.
He was also an expert panel member for the Board’s review of tax impediments facing small business.
Michael Carruthers
Tax Director, Knowledge Shop
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