Coronavirus Economic Response Package (Payments and Benefits) Rules 2020

PART 3 - JOBMAKER HIRING CREDIT PAYMENT  

Division 2 - Entitlement  

SECTION 32   PAYROLL INCREASE  

32(1)    
For the purposes of paragraph 27(1)(f) , if the sum of the amounts covered by subsection (3) for each of the entity ' s employees for a period exceeds the entity ' s baseline payroll amount for the period:

(a)    the entity has a payroll increase for the period; and

(b)    the amount of the excess is the entity ' s payroll amount for the period.

32(2)    
An entity ' s baseline payroll amount for a period (the current period ) is the sum of the amounts covered by subsection (3) for each of the entity ' s employees for the period that:

(a)    ends on 6 October 2020; and

(b)    consists of such number of days as is equal to the number of days in the current period.

32(3)    
The amounts covered by this subsection are:

(a)    amounts paid by the entity to the employee in the period by way of salary, wages, commission, bonus or allowances; and

(b)    amounts withheld by the entity from payments made to the employee in the period under section 12-35 in Schedule 1 to the Taxation Administration Act 1953 ; and

(c)    contributions made by the entity in the period to a superannuation fund or an RSA for the benefit of the employee, if the contributions are made under a salary sacrifice arrangement (within the meaning of the Superannuation Guarantee (Administration) Act 1992 ); and

(d)    other amounts that, in the period, are applied or dealt with in any way if the employee agreed:

(i) for the amount to be so applied or dealt with; and

(ii) in return, for amounts covered by paragraph (a) for the employee for the period to be reduced (including to nil).