JobKeeper 2.0 – Part 2: Calculating GST turnover for JobKeeper 2.0 and 10% decline in turnover certificates
To qualify for JobKeeper payments beyond 27 September, employing entities must satisfy a new decline in turnover test, which generally compares their turnover for the relevant quarter in 2020 to their turnover for the corresponding quarter in 2019.
Other employing entities that won’t qualify for the JobKeeper extension payments may still wish to issue relevant directions to their employees beyond 27 September. In order to do so, they will need a new 10% decline in turnover certificate for the relevant period.
Learn more about the calculation of GST turnover under the amended rules for the JobKeeper extension as well as the eligibility requirements for 10% decline in turnover certificates.