COVID-19: Latest Update on the JobKeeper Payment
Posted 16 Apr '20
Posted 16 Apr '20
What we know so far
We have compiled a summary on what we know so far in relation to JobKeeper. Whilst the summary is countless pages long, we promise you, this is the short version!
Few important dates to note
> From 20 April 2020 – ATO Online Application Opens
> By 26 April 2020 – Must have completed the ATO Online Application to receive reimbursement in May for April payments
> From 4 May 2020 – Able to apply for JobKeeper payment through Portal
> 27 September 2020 – Last day of final JobKeeper fortnight
To register your interest in participating in the payment, please go to the ATO website.
Many small businesses provide company vehicles for employees to perform their duties.
For those who may not be aware, the ATO’s Small Business Superannuation Clearing House (SBSCH) will permanently close on 1 July 2026. From 1 October 2025, new registrations will no longer be accepted. This is a major change that affects small businesses across all industries currently using the SBSCH to pay their employees’ super.
Let’s break down what the CGT discount is, why it’s not always the best option, and what you should consider before choosing how to structure your investments.