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Can the JobKeeper payment be used to fund an employer’s Superannuation Guarantee obligations?

No. Employer’s must meet their superannuation guarantee obligations over and above the requirement to pay eligible employees $1,500 per ...

Once and for all test for JobKeeper, combined with the ability to test quarterly based on projected GST turnover, leads to arguably generous result

It is widely understood that in order to be eligible for JobKeeper, employers must be able to demonstrate a ...

My business entity has had to borrow money from the bank to be able to pay employees before getting the JobKeeper payment. Can I deduct the interest on that loan?

Yes (subject to the normal rules of deductibility).  The deductibility of interest on a loan obtained to satisfy the ...

My business operates through a unit trust. The units in the trust are held by family discretionary trusts. Can my business get access to the JobKeeper payment via the business participant rules?

No. The business participant rules in the JobKeeper legislation potentially make the JobKeeper payment available in respect of business ...

Can a business that experiences only a temporary reduction in revenue continue to claim the JobKeeper payment after its turnover has rebounded?

Yes. A business needs to satisfy the decline in turnover test only once in order to become eligible for ...

JobKeeper payment available to business owners who take trust distributions or dividends in ‘lieu’ of salary

Business owners who operate through a company or trust and remunerate themselves by way of drawings through the year ...

Coronavirus Cash Flow Boost – Can I get it even if I shut my doors? The answer is ‘yes’

Is eligibility for the Coronavirus cashflow payment dependent on me continuing to trade, or recommencing trade after the crisis ...

Coronavirus JobKeeper payment – The essentials

On 30 March 2020 the Government announced a new ‘JobKeeper payment’, said to be ‘designed to help businesses affected ...

Coronavirus cashflow boost – The essentials

On 12 March 2020, as Australia’s economy commenced to shut down in the midst of the Coronavirus crisis, the ...