Coronavirus Economic Response Package (Payments and Benefits) Rules 2020.

These Rules establish that the jobkeeper payment is intended to assist businesses affected by the Coronavirus to cover the costs of wages of their employees. The jobkeeper scheme starts on 30 March 2020 and ends on 27 September 2020. A business that has suffered a substantial decline in turnover can be entitled to a jobkeeper payment of $1,500 per fortnight for each eligible employee. It is a condition of entitlement that the business has paid salary and wages of at least that amount to the employee in the fortnight. A business can also be entitled to a jobkeeper payment of $1,500 per fortnight for one business participant who is actively engaged in operating the business. The jobkeeper scheme is administered by the Commissioner of Taxation. The Commissioner pays the jobkeeper payment to entities shortly after the end of each calendar month, for fortnights ending in that month. Some of the administrative arrangements for the scheme are set out in the Act.
Division 2 specifies the requirements of Employer’s entitlement to jobkeeper payment for an employee, including eligibility of employees, wage conditions, etc.; Division 3 establishes the requirements for Entity’s entitlement to jobkeeper payment for a business participant; Division 4 list down the Amount of the jobkeeper payment for a fortnight; and Division 5 deals with Administrative issues, Reporting requirements relating to qualification, Notice of decision on entitlement, Time limit for jobkeeper scheme, etc.