Using KeyPay to Process Jobkeeper payments

Using KeyPay to Process Jobkeeper payments

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Our partners at KeyPay have been extremely helpful during the recent developments with the government’s implementation of their Covid-19 support packages, and we wanted to share this information with our customers – and the wider industry.

Firstly, the following article explains the in’s and out’s of how the JobKeeper payment will be included in Single touch Payroll (STP) systems: Managing-the-JobKeeper-Payment.

One point to note is: “While most of the talk about the JobKeeper payment refers to fortnightly payments you’ll see there’s a section near the bottom of the article that explains how to manage the payment if you’re using a weekly or monthly pay schedule – the important thing to remember is that you must use the exact name (and payment classification “Allowance-other”) the ATO has requested for your new pay categories.”

The article also covers what to do if you’ve already paid your employees for 30/3/20 but want to claim the JobKeeper subsidy for those payments.

The JobKeeper-Eligibility-Report will assist you to check if an employee is eligible – please note this report is based on the data in the business for the employee and should be used as a guide only.

KeyPay is doing a great job of keeping abreast of the ongoing changes, and are updating their resources frequently. You can find more information here: https://www.keypay.com/resources/jobkeeper-program-covid-19
Questions about your business’s eligibility to receive the JobKeeper subsidy, or if an employee is eligible, should be directed to the ATO for more information 

Remember, JobKeeper is a subsidy payment to an employer to assist with the payment of wages to an employee and all the standard rules apply. It is not a payment to an employee – employees who are not eligible need to approach Centrelink directly.