Businesses should make sure they are aware of the recent changes to the Fair Work Act 2009 (Cth) (FW Act) for the JobKeeper Payments, and the new provisions in a number of Modern Awards, as they contain flexibility provisions that will assist in managing your employees and labour costs during the COVID-19 crisis.
We have summarised the key changes, provided some key links below and also answered some of the more commonly asked questions, to assist your business in understanding and best utilising these new provisions.
The JobKeeper Payments are now available to businesses to assist in retaining your employees through the crisis. To find out if your business is eligible and the steps you need to follow, you should contact the ATO. Key links for additional information include:
- Treasury: https://treasury.gov.au/coronavirus/businesses
- ATO: https://www.ato.gov.au/general/JobKeeper-Payment/
In short, your business may be eligible for $1,500 per fortnight per employee until 27 September 2020 to assist in retaining their employment. Not all employers and employees will be eligible, so it will be important to check if your business is entitled to participate, and which of your employees will be eligible for the payments. There are a number of exclusions businesses will need to be across.
Remember that your business will need to have paid the eligible employees before you receive the payments from the ATO and the payments will start to be made by the ATO to eligible Employers from next month.
You will also need to ensure you keep the ATO updated on any changes to employees you are receiving JobKeeper Payments for. Failure to disclose such changes could result in a recovery of any overpayments made to your business, as well as interest and potential penalties if it ...