JobKeeper Sole Traders Update 1 October 2020
If you are eligible, you can claim the JobKeeper payment for yourself as the eligible business participant.
For JobKeeper fortnights to 27 September 2020, you are entitled to one $1,500 JobKeeper payment per fortnight for yourself as the eligible business participant.
For fortnights from 28 September 2020, the JobKeeper amount will reduce and depends on whether you satisfy the 80-hour threshold. If you satisfied the 80-hour threshold, the higher tier 1 rate will apply. If you did not satisfy the 80-hour threshold, the lower tier 2 rate will apply.
You satisfy the 80-hour threshold if you:
- were actively engaged in your business for 80 hours or more during your reference period, and
- have notified us of this in your business monthly declaration.
For more information, contact us or visit the ATO website and read the JobKeeper guide – sole traders. If you have employees, you may also be able to claim JobKeeper payments for each eligible employee.