Do You Include Jobkeeper in Workcover Remuneration?
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...
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 WorkCover premium. ... This aligns with the treatment of JobKeeper payments for payroll tax purposes.
What should be included in WorkCover remuneration?
- salary/wages.
- overtime, shift and other allowances.
- over award payments.
- bonuses, commissions.
- payments to working directors (including directors' fees)
- payments to pieceworkers.
- payments for sick leave, public holidays and the associated leave loadings.
- value of any substitutes for wages.
Is JobKeeper reportable for WorkCover?
JobKeeper Payments to meet the $1500 threshold will not affect the calculation of the WorkCover premium and are not regarded as rateable remuneration.
James Sterling reports on renewable energy developments, climate policy, ecological conservation, and green tech innovations around the globe.
