A quick check-in this week, talking about:
The next Elston Investment Update
JobKeeper 1.0 will remain till 27 September 2020 and thereafter, JobKeeper 2.0 will continue for a further six months till 28 March 2021.
The temporary JobSeeker coronavirus supplement will be extended to 31 December 2020.
From 28 September 2020:
a two-tier payment rate will apply based on the worker’s average weekly work hours in February 2020;
the current $1,500 per fortnight payment rate will be reduced on 28 September 2020 and reduced further on 4 January 2021;
the decline in turnover will be retested on a quarterly basis; and
the decline in the turnover test will be based on actual GST turnover.
Reach out to us to discuss how we can help you.