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JobKeeper 2.0 fact sheet 6 - record keeping and reporting requirements

JobKeeper 2.0 will provide eligible employers with a wage subsidy to eligible employees from 28 September to 28 March 2021. JobKeeper 2.0 is an extension of the original JobKeeper Payment (JobKeeper 1.0) which will end on 27 September.

JobKeeper 2.0 has made changes to the amount of the wage subsidy and the turnover test:

JobKeeper 1.0 JobKeeper 2.0
Eligible employees average hours worked in 28 days before 1 March 2020 or 1 July 2020 30 Mar 2020 - 27 Sept 2020 28 Sept 2020 - 3 Jan 2021 4 Jan 2021 - 28 Mar 2021
More than 20 hours $1,500 per fortnight
$1,200 per fortnight $1,000 per fortnight
Less than 20 hours $750 per fortnight $650 per fortnight
Turnover Test GST turnover has or will be reduced by more than 30 % relative to a comparable period a year ago. Must demonstrate a 30% decline in actual GST turnover during the relevant quarter.
Turnover Test Period A month or quarter, compared to the same month or quarter in 2019 (March 2019 compared to March 2020 or quarter starting on 1 July 2020 compared to the same quarter in 2019). September quarter 2020 (July, August, and September) compared to the same quarter in 2019. December quarter 2020 (October, November and December) compared to the same quarter in 2019.

This information sheet sets out the recording keeping and reporting requirements for a business that is eligible for the JobKeeper Payment.

Record keeping requirements – Eligibility for JobKeeper 2.0

The turnover test

  • There is a monthly reporting requirement. An eligible employer must notify the ATO of its actual GST turnover for the reporting month and show that payments have been made to eligible employees.

The report must be made in the approved form within 7 days of the end of the reporting month.

Eligible employees

A business must provide information about eligible employees to the ATO.

In order to collect this information, the employer must send the JobKeeper employee nomination notice to all nominated employees for the scheme to complete and return to you.

If nothing changes regarding your eligible employees you do not need to provide this information again.

Employers receiving the JobKeeper Payment are required to retain records to allow any information provided to the Tax Commissioner to be verified for five years after it is provided in relation to a payment

JobKeeper Enabling Directions

JobKeeper enabling directions provide employers with a range of options to temporarily manage staff by providing greater flexibility around hours of work.

If you issue a JobKeeper enabling direction for stand down or change of hours or work location, you must keep a record of:

  • The consultation that was carried out with the eligible employee/s about the proposed direction; and
  • The direction provided.

Penalties

The JobKeeper Scheme includes an anti-avoidance regime which entitles the ATO to make a subjective determination where it is satisfied of the existence of a scheme.

A scheme will arise if an entity, in effect, enters into an arrangement under which it receives a JobKeeper payment which, but for the arrangement, it would not receive.

More generally employers who do not comply with the obligations tied to the JobKeeper payment can be liable for a wide range of significant sanctions.

The below table sets out some of the offences and penalties linked to the misuse of the JobKeeper Scheme.

Offence Penalty
Administrative penalties for making a false and misleading statement Financial penalty up to 75% of the amount of any overpayment
Criminal offences for making false or misleading statements to taxation officers • Imprisonment for up to 12 months AND
• A fine of up to $10,500 for an individual and $52,500 for companies.
Failure to comply with the requirements under taxation law • Imprisonment for up to 12 months AND
• A fine of up to $10,500 for an individual and $52,500 for companies.
Obtaining financial advantage Imprisonment for up to 12 months
Obtaining financial advantage by deception Imprisonment for up to 10 years
Conspiracy to defraud Imprisonment for up to 10 years

Further information

This fact sheet is part of a series on the JobKeeper Payment aimed at assisting members understand the requirements. More information is set out in:

#1 JobKeeper 2.0 - Overview

#2 JobKeeper 2.0 - Eligibility

#3 JobKeeper 2.0 - Applying

#4 JobKeeper 2.0 – Receiving the Payment

#5 JobKeeper 2.0 – JobKeeper enabling directions

The Federal Government and ATO has released the following information to assist businesses understand the scheme:

Contact a HIA Workplace Adviser

1300 650 620

or email enquiry@hia.com.au

Current at: 25 September 2020
HIA ref no: NFSIRE1368

 

Fact sheet 1 | Fact sheet 2 | Fact sheet 3 | Fact sheet 4 | Fact sheet 5 | Fact sheet 6