COVID-19 - Update 2 April 2020 - JobKeeper Payments

Aegis Business Services is here to support you!  

Hot off the Press – further updates to JobKeeper Payment assistance.  We have just received an update on this latest business assistance announcement as released on business.gov.au.  We know that the government bodies are working hard to answer all queries that are coming through and haven’t yet updated the fact sheet on the Treasury website.  However from the reliable business.gov. au website we are pleased to share this update on the definition of an eligible self-employed person.   

Again, please remember this is still be legislated! 

Directly from business.gov.au: 

The intent of the JobKeeper Payment is to enable any eligible self-employed person get a wage subsidy regardless of what business structure they use, where: 

• the partners in a partnership only receive a share of profits – one partner can be nominated to receive it  

• directors of a company only receive dividends – one direct can be nominated to receive it  

• beneficiaries of a trust only receive distributions – one individual beneficiary (i.e. not a corporate beneficiary) can be nominated to receive it 
  

Link: - https://www.business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/companies

We will continue to send through relevant updates as received but please remember we are available to answer any questions you may have regarding your specific circumstances.