JobKeeper Payment

03 8838 8726

info@opulentaccountants.com.au

Few important notes on the new JobKeeper Payment announced by the Australian Government yesterday. This is not Legislated yet.

The JobKeeper payment is intended to help businesses affected by COVID – 19 to cover the cost of their employee wages and keep them employed.
Eligible Employers¹ will receive $1500 per fortnight per Eligible Employee²($1500 is before tax)
JobKeeper payments are applicable from 30th March 2020 for maximum six months. First payments to be received by Employers in the first week of May.
Payments will be made to the employer monthly in arrears by the ATO.
Do register intention to apply for JobKeeper payment through ATO website: https://www.ato.gov.au/Job-keeper-payment
Eligible Employers will be able to apply for JobKeeper Payments through an online application. (this application is not available yet)
It will be up to the employer if they want to pay superannuation on any additional wage paid because of the JobKeeper Payment
Businesses without Employees (Self-employed) can also apply for JobKeeper payment by nominating an individual to receive the payment
For details please check the attached (Background Information – JobKeeper Payment)

Eligible Employers:

Business with turnover less than $1billion
Turnover reduced by more than 30% relative to comparable period a year ago
Must have been in an employment relationship with Eligible Employee²as at 1^stMarch 2020 and the eligible employee is currently engaged
For more specific conditions, details and examples please check the attached (Information for Employers – JobKeeper payment)

Eligible Employees:

Currently employed by the Eligible Employers1
Were employed by Employer at 1^stMarch 2020
Fulltime, Part-time or long-term Casual (for than 12months if casual)
At least 16years of age
Is a Australian citizen, holder of a Permanent Visa, Special Category Visa Holder or Special Category (subclass 444) Visa Holder
Not in receipt of a JobKeeper payment from another employer
For more specific details and examples please check the attached (Information for Employees – JobKeeper payment)

JobKeeper payments may affect employees eligibility for payments from Services Australia (other government payments) We will send updates as and when we receive them.

If you have any queries, please feel free to contact our office on (03) 8838 8726.

Important links

Nishant Kosambi

2 February 2023

Excellent work by Dayan, Chamie, Lihini and the entire team. They have always been very professional and helpful. They have taken care of my business and personal tax obligations for many years. They have also sought financial solutions for me. I am very happy with how thorough Dayan is with his work. Clear communication and regular follow-ups all the way. 5 stars for this gem of a person and his team.

Ajith Ratnarajah

6 November 2022

These guys are very professional. You get the best of both worlds of a personalised service from a company rather than from an individual accountant. Their processes are well established. I would strongly recommend Opulent for any small, big companies and high net worth individuals.

Da Bella

12 August 2022

I consider myself extremely luck to be introduced to Dayan and his team. I found the solution to my loan requirement in one meeting itself...Super efficient, friendly and humble....Opulent finance rocks!!

srikanth chintalapudi

11 July 2022

Dayan and his team did it again!!! They're proactive and provided timely advice in the recent sale of my investment property. They're advice saved me a lot of $$. Dayan and his team have been assisting me for the last 10+ years and they're always a lifesaver. Highly recommend!

Chamith Subasinghe

15 February 2022

The team at Opulent have been extremely helpful and resourceful in securing a home loan for me. The responses have always been quick and progress made quickly through the loan application process. The advice provided by Opulent is high quality and very useful, special call out to Ishara and Dayan who have been very knowledgeable, experienced and professional. I have recommended Opulent to my friends and they have had positive experiences as well. I would highly recommend giving Opulent a go!

Daniel C

26 December 2021

Highly recommend Opulent Accountants! I've been lucky enough to deal with Hasi, Dayan and Charlene and all three of them have been a great help. Thanks guys.

Sam

5 November 2021

Great Accountants and Mortgage Brokers. Prompt, Professional, Well-informed and Responsive.

Kesh Aryaratne

11 October 2021

The team at Opulent are professional, accessible, friendly and most importantly prompt in getting matters sorted. I have had the pleasure in dealing with both Dayan and Hasi who have guided me throughout and have been extremely helpful in getting my complex tax matters sorted on time and in a professional manner. Great work guys.

Mukesh S

29 September 2021

I was apprehensive to take the plunge into refinancing my loans. However Dayan and his team were very patient and made it a point to respond to all my queries and doubts . They must be leading busy lives themselves, however they were flexible and accommodative of my requests for meetings at close of business hours. Further I noticed that they are particular in their and the customer's paperwork. Along with Dayan, I'd like to call out the efforts put in by Ishara for ensuring a smooth transition. She has ben patient with my many queries and diligent in her handling of the paperwork. Thank you Dayan and team.