JobKeeper for the month of August

For those businesses on JobKeeper, there are a couple of points to note relating to the month of August 2020.

  1. The month of August 2020 has three JobKeeper fortnights, being:
  • The fortnight ending 3 August;
  • The fortnight ending 17 August; and
  • The fortnight ending 31 August.

    This means that businesses will need to ensure that they have paid sufficient wages to incorporate three JobKeeper fortnights and will receive $4,500 per eligible employee on lodgement of their monthly JobKeeper declaration for the month of August.

  1. As previously advised, Treasury recently announced that from 3 August 2020, JobKeeper will become available for (i) all full-time and part-time employees who commenced employment on or before 1 July 2020 (i.e. rather than 1 March 2020); and (ii) all casual employees who have been employed on a regular and ongoing basis since 1 July 2019 (i.e. rather than 1 March 2019). Treasury has also announced that employers will be required to provide JobKeeper nomination notices to those employees that now become eligible for the JobKeeper program as a result of the revised 1 July 2020 employment test date by 21 August 2020.

    As a result of the above change, the ATO has advised that for the month of August 2020 only, businesses only need to ensure they have satisfied the JobKeeper minimum wage condition (i.e. $4,500 for the month of August) by 31 August 2020. This will provide more time for businesses to assess whether any employees not originally on the JobKeeper program have become eligible to be included in the program as a result of the 1 July 2020 test date that now applies.

Please do not hesitate to get in touch with us via your Banks Group representative, (03) 9810 0700 or if you have any further questions.

Talk to us…

    Banks Group is an association of independent firms that operate in Melbourne, Sydney and Auckland under the same trading name. Neither the Melbourne Banks Group, Sydney Banks Group or Auckland Banks Group are partners or agents of each other and shall not be liable for any act or omission of each other. Liability limited by a scheme approved under Professional Standards Legislation


    All services are provided as a Corporate Authorised Representative of Magnitude Group Pty Ltd (ABN 54 086 266202, AFSL 221557).


    Financial Planning Services provided as an authorised representative of Count Financial Limited ABN 19 001 974 625 Australian Financial Services Licence Holder Number 227232 a wholly-owned, non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124. Count is a Professional Partner of the Financial Planning Association of Australia Limited. Count advisers are authorised representatives of Count.

    "Please note that any taxation and accounting services are not endorsed nor the responsibility of Count Financial Limited".