Daily Archives: July 24, 2020

JobKeeper 2.0 – Treasury website page introducing the 6 month, stepped down, two tier extension of the existing benefits

On 21 July 2020, the Federal Treasury uploaded a ‘JobKeeper Payment’ page on its website, summarising the JobKeeper regime, with links to the various elements in defining the benefit – including to the extension of the benefit, for 6 months, announced on the same date. See below for details. [Tax Month – July 2020]

JobKeeper 2.0: what’s different, what’s not; the Economic Statement and Update: the figures and policy decisions made since the December 2019 MYEFO

On Friday 24.7.20, The Tax Institute published their Senior Advocate’s Report in their weekly TaxVine newsletter (No.28) entitled JobKeeper 2.0 and the ‘eye-watering’ Economic Statement. It canvasses the announced extension and redesign of JobKeeper (what’s different and what’s not); the Governments ‘Economic Statement’ and its implications and then lists policy decisions the Government has made after…