From 4 January, the wage subsidy payments will fall to $1,000 per fortnight for those on the tier 1 rate and $650 per fortnight for those on tier 2.
The new rates will apply until the JobKeeper program comes to its scheduled end date of 28 March.
Entities looking to claim JobKeeper payments for the period running from 4 January to 28 March will need to demonstrate a decline in actual GST turnover for the December 2020 quarter.
With this next phase kicking in around the festive period, the ATO has now provided revised dates that employers and their advisers should be aware of:
4 January
28 January
31 January