No, you can adapt JobKeeper to your existing payroll cycle. However, you need to be mindful to ensure that each employee is PAID at least $1,500 per fortnight per the ATO schedule/
How this works.
Weekly pay cycles.
For the 2 weekly pays that will be in each JobKeeper pay cycle you can either:
a) Pay staff a minimum of $750 each week
b) In the first week of each fortnight, pay their normal pay and on the 2nd weekly pay of each JobKeeper fortnight do a top-up to ensure at least $1,500 was paid in each JobKeeper Cycle.
Fortnightly Cycle that doesn’t match Jobkeeper
Ensure that each employee is paid at least $1,500 in each of your regular payruns that falls within the JobKeeper fortnights.
Monthly pay cycles.
If your pays are monthly, you need to ensure you have two options:
a) $3,000 per month for every month except August which will require $4,500 (a 3rd ‘fortnightly’ pay day occurs in August). (Recommended)
b) $3,250 per month for April – September (Note: the ATO will only reimburse you $3,000 per fortnight for every month except August, where you’ll be reimbursed $4,500)
This smooths out the August additional payment over the 6 months.