Eligible employers will be paid $1,500 per fortnight per eligible employee. Eligible employees will receive, at a minimum, $1,500 per fortnight, before tax, and employers are able to top-up the payment.
Where employers participate in the scheme, their employees will receive this payment as follows.
- If an employee ordinarily receives $1,500 or more in income per fortnight before tax, they will continue to receive their regular income according to their prevailing workplace arrangements. The JobKeeper Payment will assist their employer to continue operating by subsidising all or part of the income of their employee(s).
- If an employee ordinarily receives less than $1,500 in income per fortnight before tax, their employer must pay their employee, at a minimum, $1,500 per fortnight, before tax.
- If an employee has been stood down, their employer must pay their employee, at a minimum, $1,500 per fortnight, before tax.
If an employee was employed on 1 March 2020, subsequently ceased employment with their employer, and then has been re-engaged by the same eligible employer, the employee will receive, at a minimum, $1,500 per fortnight, before tax.
In circumstances where an employee has been retrenched since 1 March 2020 and is now being re-engaged by their Employer, the parties may need to consider if any leave entitlements etc. were paid out, and an adjustment or reversal may need to be made in this regard.
The JobKeeper Payment does include a superannuation guarantee component. It will be up to the employer if they want to pay superannuation on any additional wage paid (above the $1,500 per fortnight) JobKeeper Payment.
Payments will be made to the employer monthly in arrears by the ATO, and the first payment will be back-dated to 1 March 2020 for all eligible employees and should be paid by the ATO in the first week of May 2020.