JobKeeper Subsidy update

Hi everyone,

Just an update regarding the JobKeeper Payment subsidy.   The ATO are in the midst of providing further details to the software vendor or Digitial Service Provider (DSP) community as we speak.   The subsidy has passed royal assent and payments will date back to 30 March 2020, with the first reimbursements to be received by employers in the first week of May. 

What to do right now?

The main guidance for employers right now is to register their interest in participating in the JobKeeper payment from 30 March 2020 at ato.gov.au/jobkeeper.

What will be next?

A process has been presented by the ATO and is being discussed with Digital Service Providers (DSPs) in terms of roll-out.  One thing to be aware is that employers will have the opportunity to register eligible employees right up to 26th April for any JobKeeper payments from the 30th March, so there is no need for concern.   

What we know at the moment is the payment will be administered by the ATO, and employers will have 3 options to notify the ATO of eligible employees:

• Online via an ATO process – Limited to employers with less than 200 employees - at this stage the ATO have not provided timelines on when this process will be ready.
• via existing STP payevent – this is the preferred method for employers using STP now - it will require an ad-hoc / one off pay to send a record through to the ATO via current STP payevent; and
• File upload – restricted to employers who are unable to use either of the above.

In the coming week, MYOB will confirm processes with the ATO, and ensure our systems work as planned, as well, build out the relevant guidance documents of what to do in our solutions.   

If you have any further questions please reply to this message