Updated Weekly Wrap Up
Friday, 24th April 2020
Further to my update earlier today the Commissioner of Taxation has announced the time to enrol for the JobKeeper Payment is extended to 31 May 2020.
Please note the Commissioner has extended the time to enrol for the initial JobKeeper periods, from 30 April 2020 until 31 May 2020.
If you enrol by 31 May you will still be able to claim for the fortnights in April and May, provided you meet all the eligibility requirements for each of those fortnights. This includes having paid your employees by the appropriate date for each fortnight.
For the first two fortnights (30 March – 12 April, 13 April – 26 April), we will accept the minimum $1,500 payment for each fortnight has been paid by you even if it has been paid late, provided it is paid by you by the end of April.
You can enrol and claim for JobKeeper earlier if you choose. For example, you can enrol by the end of April to claim JobKeeper payments for the two fortnights in April.
For more information please visit: https://www.ato.gov.au/general/JobKeeper-Payment
BRIDGING FUNDING FOR JOBKEEPER
Australian banks are playing a vitally important role in bridging the finance that businesses need to pay their staff ahead of receiving the first JobKeeper Payment in the first week of May.
It is an integrity measure that businesses pay their staff before receiving the JobKeeper Payment.
On 23 April 2020, the Treasurer announced the CBA, NAB, Westpac and ANZ banks agreed to establish dedicated hotlines for their customers to call to receive the bridging finance necessary to pay their staff ahead of receiving the JobKeeper Payment.
The hotlines are as follows:
• CBA: 13 26 07
• ANZ: 1800 571 123
• NAB: 1800 JOBKEEPER
• Westpac: 1300 731 073 and Westpac’s subsidiaries;
o St George: 1300 730 196
o Bank of Melbourne: 1300 784 873
o Bank SA: 1300 669 472
The banks have also agreed to bring to the front of the queue all bridging finance applications.
This means any business that is eligible for the JobKeeper Payment can now ring the dedicated hotline for the bank and ask for the bridging finance necessary to pay their staff. The banks know their customers. They know these businesses. The banks need to stand by these businesses in their time of greatest need and that is now.
The ATO have also set out detailed guidance on eligibility and enrolment for the JobKeeper Payment.
Please visit: https://www.ato.gov.au/General/JobKeeper-Payment/
For factsheets on the JobKeeper Payment visit: https://treasury.gov.au/coronavirus/jobkeeper
The Australian Government has released a Coronavirus app and Whatsapp channel.
The App is available on both Android and iPhones. To access the Whatsapp channel, you can go to the website here: aus.gov.au/whatsapp
For school closures (government and non-government) please refer to state and territory education authorities that can be found here: https://www.dese.gov.au/news/coronavirus-covid-19#schools.
For more information on Coronavirus and the Government’s response, please visit: www.treasury.gov.au/coronavirus or www.australia.gov.au.