Document ID: chunk:federal_register_of_legislation:F2022C00026:reg:7
Version: federal_register_of_legislation:F2022C00026
Segment Type: reg
Provision Reference: reg 7
Character Range: 19221–21154

7  When an entity qualifies for the jobkeeper scheme
 (1) For the purposes of paragraphs 6(1)(b), 11(1)(c) and 12A(1)(c), an entity qualifies for the jobkeeper scheme for a jobkeeper fortnight if:
 (a) on 1 March 2020, the entity:
 (i) carried on a business in Australia; or
 (ii) was a non‑profit body that pursued its objectives principally in Australia; or
 (iii) was a deductible gift recipient that was, or operated, a public fund covered by item 9.1.1 or 9.1.2 of the table in subsection 30‑80(1) of the Income Tax Assessment Act 1997 (international affairs deductible gift recipients); and
 (b) the entity has satisfied the decline in turnover test at or before the end of the fortnight (see sections 8 and 8A); and
 (c) for a fortnight beginning on or after 28 September 2020—the entity also satisfies the actual decline in turnover test (see section 8B) for the fortnight.
Note: Qualifying entities must report monthly turnover information to the Commissioner for the duration of the scheme: see section 16.

Exceptions
 (2) However, an entity does not qualify for the jobkeeper scheme for a jobkeeper fortnight if:
 (a) an amount of levy under the Major Bank Levy Act 2017 was imposed for any quarter ending before 1 March 2020 on:
 (i) the entity; or
 (ii) if the entity is a member of a consolidated group—another member of the group; or
 (b) the entity is an Australian government agency; or
 (c) the entity is a local governing body; or
 (d) the entity is wholly owned by an entity covered by paragraph (b) or (c); or
 (e) the entity is a sovereign entity, or would be a sovereign entity if subparagraphs 880‑15(c)(ii) and (iii) of the Income Tax Assessment Act 1997 were disregarded; or
 (f) if the entity is a company—a liquidator or provisional liquidator has been appointed in relation to the company; or
 (g) if the entity is an individual—a trustee in bankruptcy has been appointed to the individual's property.