JobKeeper Payment: When Is It Due?

LCookTopMan on 10/04/2020 - 16:02

Hi guys

My company is eligible for Jokeeper payment, that's great I'm happy😃 as my income fell from $1000 to $250 per week. However I still can't understand how will I receive those payments. Some resources state:

"The subsidy will start on 30 March, with the first payments to be received by employers in the first week of May. In the meantime, employers must continue paying their employees and then claim the money from the first week of May."

Does it mean that employers must continue paying a minimum of $750 per week before the subsidy gets to their hands?

Also some resources stated:

"The eligible employees will receive back payments"

So does it mean, when employer will receive the wage subsidy I will get one off payment to top up my weekly income to $750 ffrom 30th of March to the first week of May?

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Comments

  • SleepyPolarBear on 10/04/2020 - 16:20
    +2

    Jobkeeper is paid by your employer, so you will have to ask them about payment periods. The ATO then subsidizes the employer in arrears.

    This may be helpful:
    https://treasury.gov.au/sites/default/files/2020-04/JobKeepe…

  • CookTopMan on 10/04/2020 - 16:33

    Thanks for the link, I have read it through it has no answer to the above questions

    • RockyRaccoon on 10/04/2020 - 17:36
      +1

      It only just passed thru parliament. Its going to take time for employers to understand when they can implement. Also some are going to have difficulty with Payrolls until they get money reimbursed. Best to talk with your employer.

    • SleepyPolarBear on 11/04/2020 - 15:39

      Does it mean that employers must continue paying a minimum of $750 per week before the subsidy gets to their hands?

      Yes.

      So does it mean, when employer will receive the wage subsidy I will get one off payment to top up my weekly income to $750 from 30th of March to the first week of May?

      Most likely no.
      This will depend on when your employer decides would be commence date of JobKeeper program. It's a headache to backdate everything, so unless you've got an accountant who loves their job and loves you guys, don't count on it.

  • johndowy on 10/04/2020 - 17:37

    You'll get it when your employer decides to give it to you.

    • CookTopMan on 10/04/2020 - 23:30

      Then probably never lol

      • johndowy on 11/04/2020 - 11:21

        Money goes to the employer which will then be given to you. They have to give you the full amount but when… is pretty much up to them, given a reasonable amount of time.

        • ssquid on 11/04/2020 - 11:52
          -1

          Not true. The businesses get paid by the ATO in arrears meaning they have to pay employees out of their own pocket first.

  • Typical16-bitEnjoyer on 10/04/2020 - 18:01
    +1

    Your employer is supposed to be paying you at least $750 already. If they aren't, complain.

    • thirtysixd on 10/04/2020 - 19:08
      +2

      not sure why this was negged as its correct

      • johndowy on 11/04/2020 - 11:23

        If a business is under hard ship and cash flow problems, they may hold off paying you until they get the jobkeeper payment from the government in the beginning of May.

    • ssquid on 10/04/2020 - 19:11

      You can't get blood out of a stone.

      This is the government's fault though, they expect businesses that have already proven they've had (at least) a 30% downturn to be able to cover a month's worth of government promised jobkeeper payments to their employees, before they actually hand anything out.

      • Typical16-bitEnjoyer on 11/04/2020 - 07:34
        +1

        If a business can't cover a month's worth of wages then I'd be questioning their solvency.

        • CookTopMan on 13/04/2020 - 22:25

          They actually say they can't afford to pay my annual leave which is about 9 weeks, even though I just was asking to top up my weekly salary with it, not paying all of it.

      • Typical16-bitEnjoyer on 11/04/2020 - 07:38

        They expect businesses that have already proven

        Businesses don't actually have to prove anything at this stage. There will be a lot of businesses who access JobKeeper and will need to pay funds back later.

        • CookTopMan on 13/04/2020 - 22:29

          I have no idea about the payback… But I am definitely sure there will be a lot of doggy businesses that will use the system created by government.

  • kobrien456 on 15/04/2020 - 13:23

    Sole traders who can prove 30% income drop get it too. How does it work in that case?

    • SleepyPolarBear on 15/04/2020 - 15:36
      +1

      Much easier… After proving 30% loss of revenue in a month compared to previous year, you just nominate your own bank account and the money goes right in. There's no going through employer since you are technically your own employer.

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