The Finder app is here! 🥳

Get your savings sorted.

When will JobKeeper be paid?

Posted: 6 May 2020 11:56 am
News

man smilingYour JobKeeper payments will likely come from today onwards. Make sure you don't miss out.

If your business is affected by COVID-19 and the worldwide disruptions, chances are you may be eligible to access a payment to assist with paying your employees.

Find out when you can expect the first JobKeeper payment and how to ensure you continue to be eligible during this difficult time.


What is JobKeeper?

The JobKeeper Payment program is part of a $130 billion stimulus package designed by the government to help keep employees on your books even if you've had to shut down your business.

Employers can receive a $1,500 fortnightly reimbursement for each eligible employee you continue to pay during the pandemic.

When will JobKeeper payments start?

Employers should expect to start receiving monthly subsidies from the first week of May (likely from 6 May according to several news outlets), with eligible payments backdated to 30 March 2020.

What are the deadlines?

The deadline to enrol for the JobKeeper scheme is 31 May 2020 (extended from the previously quoted 30 April 2020).

As long as you enrol before 31 May, you'll be able to claim for pay periods ending in April and May, provided you meet the eligibility criteria.

How do I continue to receive payments?

After you've applied for the JobKeeper Payment program, you'll need to complete a business declaration every month to reconfirm your eligible employees and to provide current and projected GST turnover.

Where can I get more information?

The ATO's JobSeeker page has the most up-to-date information for employees, employers, sole traders and other entities including rules and key dates.

Our Finder for Business guide has further information for small businesses trying to stay afloat, whether you're already established or have just started.

Image source: Getty

Get more from Finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site