Coronavirus Economic Response Package (Payments and Benefits) (Timing of Supplies Made and Decline in Turnover Test) Rules 2020 (No.1) (Cth)

Legislative Instrument

Coronavirus Economic Response Package (Payments and Benefits) (Timing of Supplies Made and Decline in Turnover Test) Rules 2020 (No. 1)

I, Christopher David Jordan, Commissioner of Taxation, make this determination under subsection 20(4) of the Coronavirus Economic Response Package (Payments and Benefits) Act 2020 and subsection 8B(4) of the Coronavirus Economic Response Package (Payments and Benefits) Rules 2020.

Christopher David Jordan AO Commissioner of Taxation Dated: 16 September 2020

1. Name of instrument

This determination is the Coronavirus Economic Response Package (Payments and Benefits) (Timing of Supplies Made and Decline in Turnover Test) Rules 2020 (No.1).

2. Commencement This instrument commences on the day after it is registered on the Federal Register of Legislation.

3. Application This instrument applies to determine the time or times a supply is treated as being made for entities to determine their current GST turnover under section 8B of the Coronavirus Economic Response Package (Payments and Benefits) Rules 2020 (the Rules) for the purposes of seeking to be a qualifying employer, business participant or religious institution for JobKeeper payments.

4. Determination Section 6 of this determination applies when determining if entities qualify for JobKeeper by satisfying section 8B of the Rules.

5. Definitions Subject to any addition or change contained in another paragraph, an expression used in this instrument that is defined in section 4 of the Rules, including, for the avoidance of doubt, subsection 4(2) of the Rules has the same meaning in this instrument as it has in the Rules. In this instrument:

account on a cash basis has the same meaning as in section 195-1 of the A New Tax System (Goods and Services Tax) Act 1999 (GST Act).