August is a ‘special’ month for JobKeeper payments as it is the only month with 3 JobKeeper fortnights. This means:
- If you pay your staff monthly, the minimum gross wage payable to eligible staff would normally be $3,000 per month (covering 2 fortnights), but for August you will need to pay $4,500 (to cover 3 fortnights).
- If you realised that August had 3 fortnights in it at the start of the Jobkeeper process and have been paying your eligible staff a minimum of $3,250 each month, you do not need to change anything for August.
- If you pay your staff bi–monthly, the first payment in August will cover 2 fortnights and will be double the regular amount paid. This means that the minimum payment to eligible employees will be $3,000 for the first payment in August, and $1,500 for the second payment. This will result in the minimum total wages paid to each eligible employee in August being $4,500 to match the monthly payers.
Remember to review your payroll calculations for August to ensure that you remain compliant with the minimum JobKeeper amounts payable to eligible staff.
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As always, if there is anything we can help with, please do not hesitate to reach out at email@example.com and ask us about our business services and what we can do for you.
For earlier JobKeeper updates, click here.