What is the difference between Jobseeker Vs Jobkeeper
April 15, 2020
| Jobseeker Vrs Jobkeeper | JobSeeker | JobKeeper |
|---|---|---|
| • Is paid through Centrelink | • Is paid through your employer | |
| • Paid at $1100 per fortnight | • Paid at $1500 per fortnight | |
| • No tax is withheld | • Less tax withheld | |
| • To qualify you must be earning less than $1,086 per fortnight and your partner’s income must be less than $79,000 | • Your employer or your business must have had a decrease of at least 30% or more in turnover or is projected to decrease by 30% or more in the relevant period being assessed | |
| • May be eligible for other Government entitlements | ||
| • Deemed assessable income in your tax return | • Deemed assessable income in your business financials, however not subject to GST | |
| • Super Guarantee (SG) is not subject to the “JobKeeper” portion of payment. |
| Employment | Eligibility | Eligibility |
|---|---|---|
| Sole Trader | Yes | Yes |
| Director of a Company that does NOT receive wages BUT receives Dividends | Yes | Only 1 Director of the company can be nominated to receive the payment |
| Partners in a Partnership NOT receiving wages BUT receives a share of profits | Yes | Only 1 Partner of the Partnership can be nominated to receive the payment |
| Beneficiary of a Trust that ONLY receives Trust Distributions | Yes | Only 1 Beneficiary of the Trust can be nominated to receive the payment |
| Employees who have been “stood down” | • Full-time & Part-time employees = Yes | • Full-time & Part-time employees = Yes |
| • Casuals that were employed for more than 12 months = Yes | • Casuals that were employed for more than 12 months = Yes | |
| • Casuals that were employed for less than 12 months = Yes | • Casuals that were employed for less than 12 months = No | |
| Employee who have had their hours reduced | Yes | Yes |
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