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A breakdown of JobKeeper figures as payments start to flow

Maja Garaca Djurdjevic and Jotham Lian
Maja Garaca Djurdjevic and Jotham Lian
07 May 2020 1 minute readShare
ATO

A total 728,640 organisations have enrolled for the JobKeeper scheme, covering around 4.7 million employees, with micro businesses leading the charge, the Treasury has confirmed, as the ATO releases the first batch of payments overnight.

According to the latest data from the Treasury, sole traders make up 40 per cent of all enrolments in JobKeeper or approximately 291,000, followed closely by companies at 39 per cent.

Trusts make up 15 per cent of the 728,640 total, while partnerships account for a slim 6 per cent.

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Breaking down the figures according to company size revealed that businesses with less than $2 million in turnover accounted for the bulk of all enrolments or 87 per cent, followed by SMEs with turnover below $250 million at just over 9 per cent.

Looking at the data across states, NSW leads the pack with 252,207 of all enrolments, followed by Victoria at 197,987 and Queensland at 141,972.

 

As for the separate industries, the Treasury’s data places professional, scientific and technical services at the top of the table, with 107,333 applications across the country.

This is followed by construction at 102,036 and other services at 73,754. Retailers lodged 49,232 applications, while businesses in accommodation and food services made up 51,269.

More businesses are still expected to apply for the government’s $1,500 wage subsidy measure, after the ATO extended the enrolment date to 31 May.

Speaking on the MyBusiness JobKeeper webcast earlier this week, Deputy Commissioner from the ATO Deborah Jenkins advised businesses that the sooner they do check out their eligibility and enrol, the sooner they will receive the funds.

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“The sooner they do get onto step two in the system, the sooner that we will be able to get those payments out the door,” Ms Jenkins said.

The ATO confirmed on Wednesday that payments have begun reaching bank accounts from last night and as of this morning, with the vast majority to be made within days of the ATO receiving a completed application.

Employers who are claiming for the first two JobKeeper fortnights will need to ensure they provide an employee nomination notice to each employee by 8 May, in line with the latest legislative amendments which clarify the “one in, all in” feature.

Businesses will then need to identify and maintain their eligible employees, a step that will be dependent on the employer’s STP-enabled payroll software and the number of employees they have.

For more insights into all things JobKeeper, tune into our webcast with Deborah Jenkins, ATO Deputy Commissioner; Kate Carnell, the Small Business and Family Enterprise Ombudsman; and Sam Allert, the CEO of Reckon.

A breakdown of JobKeeper figures as payments start to flow
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Maja Garaca Djurdjevic and Jotham Lian
Maja Garaca Djurdjevic and Jotham Lian

Maja Garaca Djurdjevic is the editor of My Business. 

Maja has a decade-long career in journalism across finance, business and politics. Now a well-versed reporter in the SME and accounting arena, prior to joining Momentum Media, Maja reported for several established news outlets in Southeast Europe, scrutinising key processes in post-conflict societies and enabling citizens to influence decision-making.

You can email Maja on [email protected] 

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