Business eligibility

 

Businesses are eligible for the JobKeeper payment if all of the following apply:

 

• On 1st March 2020, you carried out a business in Australia or were a not-for-profit organisation that pursued your objectives principally in Australia.

• You employed at least one eligible employee on 1st March 2020.

• Your eligible employees are currently employed by your business for the fortnights you claim for (including those who are stood down or re-hired).

• Your business has faced either a 

  • 30% fall in turnover (for aggregated turnover of $1 billion or less)​

  • 50% fall in turnover (for aggregated turnover of more than $1 billion)

  • 15% fall in turnover (for ACNC-registered charities other than universities and schools)

• Your business is not in one of the ineligible categories (click link for list)​

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How to determine a fall in turnover

 

You only need to satisfy this requirement once – you don't need to retest your turnover each month. However, you will be asked each month to tell us your current and projected turnover.

At the time you enrol in the JobKeeper Payment scheme, you need to confirm that your business in a relevant period has had, or is likely to have, a:

• 30% fall in turnover (for an aggregated turnover of $1 billion or less)

• 50% fall in turnover (for an aggregated turnover of more than $1 billion), or

• 15% fall in turnover (for ACNC-registered charities other than universities and schools).

 

How to calculate a fall in turnover

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This test is satisfied where your projected GST turnover for the turnover test period falls short of your current GST turnover for the relevant comparison period, by the specified percentage (generally 30%).

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To apply the basic test, you need to:

• Step 1: identify the turnover test period

• Step 2: identify the relevant comparison period

• Step 3: work out the relevant GST turnover

• Step 4: determine which shortfall percentage applies

• Step 5: determine if GST turnover has fallen by the specified shortfall percentage

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Click the links for more information on each step

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Sole Traders and business owners actively engaged in a business

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Sole traders can be eligible for the JobKeeper payment if their business has also experienced a downturn according to the eligibility criteria. Other businesses in the form of a company, trust or partnership can also qualify for JobKeeper payments where a business owner (a shareholder, adult beneficiary or partner) is actively engaged in the business, or a director is actively engaged in the business. This is limited to one entitlement for each entity even if there are multiple business owners or participants.

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Clink this link for more detail

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Information sourced from ATO website