On Friday 1 May 2020, the Tax Institute’s Senior Chief Tax Counsel: Bob Deutsch published an article in their weekly tax newsletter TaxVine, entitled: JobKeeper – the gift that keeps on giving! It is about the made a determination (“the Determination”) the Commissioner made, under section 20(4) of the Coronavirus Economic Response Package (Payments and Benefits) Act 2020, which provides alternative tests for a class of entities to satisfy the decline in turnover test for the purposes of seeking to be a qualifying employer for JobKeeper payment purposes. I have made changes to the article, but the intellectual ‘grunt’ is all Bob’s.
The Treasurer also amended the JobKeeper Rules on 1 May 2020 (see related TT article).
See below for further details about the article.