Federal Register of Legislation - Australian Government

Primary content

Rules/Other as made
This instrument amends the Coronavirus Economic Response Package (Payments and Benefits) Rules 2020 to require the Commissioner to verify JobKeeper payment information with authorised deposit-taking institutions.
Administered by: Treasury
General Comments: This instrument was registered on 24 April 2020 at 7:20pm Australian Eastern Standard Time.
Registered 24 Apr 2020
Tabling HistoryDate
Tabled HR12-May-2020
Tabled Senate12-May-2020
To be repealed 13 Aug 2020
Repealed by Division 1 of Part 3 of Chapter 3 of the Legislation Act 2003
Table of contents.

Commonwealth Coat of Arms of Australia

 

Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 1) 2020

I, Josh Frydenberg, Treasurer, make the following rules.

Dated 24 April 2020

Josh Frydenberg

Treasurer

 

  

  


Contents

1............ Name............................................................................................................................. 1

2............ Commencement............................................................................................................. 1

3............ Authority....................................................................................................................... 1

4............ Schedules...................................................................................................................... 1

Schedule 1—Amendments                                                                                                                          2

Coronavirus Economic Response Package (Payments and Benefits) Rules 2020                    2

 


1  Name

                   This instrument is the Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 1) 2020.

2  Commencement

             (1)  Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  The whole of this instrument

Immediately after this instrument is registered.

 

Note:          This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

             (2)  Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

                   This instrument is made under the Coronavirus Economic Response Package (Payments and Benefits) Act 2020.

4  Schedules

                   Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1Amendments

  

Coronavirus Economic Response Package (Payments and Benefits) Rules 2020

1  After section 18

Insert:

18A  Confirmation of giving of information—notice to ADI

             (1)  This section applies if an ADI has notified the Commissioner in the approved form of information relating to an entity’s entitlement to jobkeeper payments for one or more fortnights.

             (2)  The Commissioner must give the ADI a notice in writing stating that, in the Commissioner’s opinion, the information:

                     (a)  satisfies the requirement in subsection (3); or

                     (b)  does not satisfy that requirement.

             (3)  For the purposes of subsection (2), the information satisfies the requirement in this subsection if it is comprised of any of the following:

                     (a)  information that the entity gave to the Commissioner;

                     (b)  information that the Commissioner gave to the entity.

             (4)  The Commissioner must give the notice under subsection (2) within a reasonable time after receiving the notification from the ADI.

             (5)  Despite anything in this section, the Commissioner must not give a notice under subsection (2) after 22 May 2020.