Workcover & JobKeeper Information for Employers

Information for Employers

Commonwealth Government JobKeeper Payments and Victorian WorkCover Premiums

On 5 May 2020, the Victorian Government confirmed that any eligible Commonwealth Government JobKeeper Payments to meet the $1,500 threshold will not affect the calculation of the WorkCover premium. Therefore, not all Commonwealth Government JobKeeper Payments are included in your annual WorkCover Declaration.

Rateable Remuneration for WorkCover Premium

The following table summarises what JobKeeper Payments made by an employer who is receiving JobKeeper Payments are rateable remuneration:

Employer’s Situation	Example	Rateable Remuneration
Employee stood down without pay.	Employee does not perform any work and does not receive normal pay. Receives JobKeeper wage subsidy via employer.	The JobKeeper Payment ($1,500) is not regarded as rateable remuneration.
Employee continues to work and currently earning a wage of less than $1,500 per fortnight.	Employee earns $1,000 per fortnight.	Any ‘additional’ JobKeeper Payment passed onto the employee (in this case $500) is not regarded as rateable remuneration. Normal earnings (in this case $1,000) remain rateable remuneration.
Employee continues to work and normally earns at least $1,500. These wages are subsidised by the JobKeeper Payment.	Employee normally earns $2,500 per fortnight, but is subsidised with JobKeeper payment via employer.	All of this payment is rateable remuneration.

Employer’s Situation

Example

Rateable Remuneration

Employee stood down without pay.

Employee does not perform any work and does not receive normal pay. Receives JobKeeper wage subsidy via employer.

The JobKeeper Payment ($1,500) is not regarded as rateable remuneration.

Employee continues to work and currently earning a wage of less than $1,500 per fortnight.

Employee earns $1,000 per fortnight.

Any ‘additional’ JobKeeper Payment passed onto the employee (in this case $500) is not regarded as rateable remuneration.

Normal earnings (in this case $1,000) remain rateable remuneration.

Employee continues to work and normally earns at least $1,500. These wages are subsidised by the JobKeeper Payment.

Employee normally earns $2,500 per fortnight, but is subsidised with JobKeeper payment via employer.

All of this payment is rateable remuneration.

Please consider your circumstances when reporting your Rateable Remuneration for WorkCover premium, please see link below for a summary of what JobKeeper Payments made by an employer who is receiving JobKeeper Payments are rateable remuneration.

Link to further information and answers to Frequently Asked Questions

https://www.worksafe.vic.gov.au/resources/jobkeeper-payments-information-employers

If you need assistance please email to accountant@nulldouglasharrison.com.au, call us on 9579 3377 or contact any of the Directors.

DON’T MISS OUT ON VITAL INFORMATION
FOR YOUR BUSINESS / ORGANISATION

SUBSCRIBE NOW!