This extension period covers fortnights between 4 January 2021 and 28 March 2021. The rules for assessing your eligibility for extension period 2 are the same as they were for Extension Period 1. This means you will have to satisfy a decline in turnover test for the December 2020 quarter relative to a comparable period. 

Here are some key points to note:

1. You will need to take action urgently in order to ensure you make your eligibility assessment before the ATO deadline of 31st of January 2021.

2. Payment rates for extension period 2 have reduced as per the table below:

3. The ATO have given an extension to employers to meet the wage condition for the fortnights 21 and 22 (starting from 4 January 2021 and 18 January 2021) until the 31st of January 2021.

4. I highly recommend you make your eligibility assessment early so that your job keeper payment can be processed quickly by the ATO.

Existing clients of Aspire Consulting will be contacted individually to ensure eligibility is assessed within the required time frames.  If you are not currently a client of Aspire Consulting and need assistance with your eligibility assessment, please don’t hesitate to email us at clientservices@aspire-ca.com.au and one of our friendly team will be in touch.

If you are thirsty for more detailed information on JobKeeper 2.0, then please refer to our earlier blog or the ATO link below:

JobKeeper 2.0 – rules announced!

JobKeeper extension