The JobKeeper Payment scheme is a temporary subsidy for businesses significantly impacted by COVID-19, which has allowed eligible employers and sole traders to continue paying their employees.
The JobKeeper Payment will end on 28 March 2021. Employers can claim payments for eligible employees until this date.
Preparing for the end of the JobKeeper – considerations for employers:
► No specific action is required with the ATO when the The JobKeeper Payment scheme ends, however your final monthly business declaration for March will need to be completed by 14th April 2021.
► Your employees’ wages will revert back to their pre-JobKeeper rates from 29th March 2021. It is important to notify your employees of any changes to their pay. ► Any JobKeeper enabling direction will cease and your employees’ terms and conditions of employment will revert back to their pre-JobKeeper terms and conditions of employment from 29th March 2021. This means, if you have issued a JobKeeper enabling direction for your staff to undertake alternative duties, this direction can no longer continue. It is important to notify your employees of these changes. ► If your business or organisation is still financially impacted by COVID-19, it is important you prepare and assess your business plan including forecasts. Other options for Government assistance may be available. Please seek tailored HR advice regarding restructuring your workforce or varying employment agreements.
Whenever change is required in your workplace, it is important to have a good communication plan to keep your employees informed and address any concerns they may have.
For more information, please contact us today.