Employers (including not-for-profits) will be eligible for the jobkeeper payment if, they have been carrying on a business in Australia, or been a non-profit body pursuing its objectives principally in Australia on 1 March 2020 and at the time of applying:
- their business has an aggregated turnover of less than $1 billion (for income tax purposes) and they estimate their turnover has fallen or will likely fall by 30% or more; or
- their business has an annual turnover of $1 billion or more (for income tax purposes) and they estimate their turnover has fallen or will likely fall by 50% or more; and
- their business is not subject to the Major Bank Levy.
Employing entities may comprise individuals in business as sole traders, partnerships, or bodies corporate (including corporations).
Note: For charities registered with the Australian Charities and Not-for-profits Commission (ACNC), they will be eligible if they estimate their turnover has or will likely fall by 15% or more relative to a comparable period.