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ATO grants more time to pay employees for first 2 JobKeeper fortnights

 
    The ATO has announced that they have granted an extension of time to pay employees for the first two fortnights (30 March – 12 April, 13 April – 26 April).

They will now accept that the minimum $1,500 payment for each fortnight has been paid by an employer even if it has been paid late, provided it is paid by 8 May. This means that you can make two fortnightly payments of at least $1,500 per fortnight by 8 May, or a combined payment of at least $3,000.

Thereafter the minimum $1,500 per fortnight needs to be paid during the JobKeeper fortnight. If your pay cycles do not correspond with JobKeeper fortnights, you are not required to change your pay cycles to correspond with JobKeeper fortnights. What is important is that you pay your employees at some time during the JobKeeper fortnight.

If you usually pay your employees less frequently than fortnightly, the payment can be allocated between fortnights in a reasonable manner. For example, if you pay your employees on a monthly pay cycle, your employees must have received the monthly equivalent of $1,500 per fortnight.

If you require assistance with funding the payments to employees, you should contact your bankers. Here are the 4 major banks’ dedicated JobKeeper hotline numbers:
 
   

Westpac - 1300 731 073
NAB - 1800 562 533 (1800 JOBKEEPER)
CBA - 13 26 07
ANZ - 1800 571 123

 
   
If you require any assistance with JobKeeper registration or administration, please contact us.
 
 
 
 

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