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Re: Jobkeeper - monthly pay cylce

I'm new

Views 1276

Replies 3

Hi 

 

we currently pay monthly in arrears, so the last pay was for the period 15/3/20 - 14/4/20 paid on 14/4/20.

as payment was made in during the the first 2 fortnights of  jobkeeper 30/3-12/4 and 13/4-26/4 and the $3000 minimum payment was met for the month, does this satisfy the $1500 requirement per fortnight or $3000 for the month of April?

Is it correct to say that the $3000 applies to the paydays( payment date) within the defined fortnights, not taking into account the period the pay relates to?

 

Thanks for your help.

1 ACCEPTED SOLUTION

Accepted Solutions

Most helpful response

Former Community Support

Replies 2

Hi @RC2,

 

Thank you for reaching out.

 

Based on the information you provided, you have satisfied the minimum payment requirement.

You shouldn't need to adjust your pay cycle for JobKeeper payments. When you're paying eligible employees, if the payment doesn't fit within the JobKeeper fortnight, th...

 

I hope this information is helpful,

 

TomW

3 REPLIES 3

Most helpful response

Former Community Support

Replies 2

Hi @RC2,

 

Thank you for reaching out.

 

Based on the information you provided, you have satisfied the minimum payment requirement.

You shouldn't need to adjust your pay cycle for JobKeeper payments. When you're paying eligible employees, if the payment doesn't fit within the JobKeeper fortnight, th...

 

I hope this information is helpful,

 

TomW

Newbie

Replies 1

Hi Tom, 

Thanks for your response. In the link you mentioned it says:

 

"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."

 

What does it mean by "the monthly equivalent"? Does that means when we pay our staff next week for the month of April we should be paying them more than $3000? Would that theoretically be 1500*26/12 = $3250 per month?

 

Thanks,

 

Motti 

Community Moderator

Replies 0

Hi @mb7

 

Thanks for joining the conversation and for your patience.

 

If you pay your eligible employees monthly, we consider that paying them at least $3,000 by 8 May (originally by 30 April) would ensure that you have paid them the equivalent of $1,500 per fortnight for the first two JobKeeper fortnights.

 

This logic would also apply to every other JobKeeper month except August where there are three JobKeeper fortnights. For that month you would need to pay $4,500.

 

The alternative option is to pay $3,250 per month. This is also a legitimate way of doing it. In other words, either option is fine. If there are any changes to that, we will update our website accordingly.

 

For more information about the JobKeeper fortnights, have a look at our website.

 

Good luck with it all.

 

Thanks, ChrisR