12AAEligible business participant—whether higher or lower rate applies

#### 12AA Eligible business participant—whether higher or lower rate applies (1) The higher rate applies to an individual who is an eligible business participant for an entity if: (a) the total number of hours the individual was actively engaged in the business carried on by the entity in any reference period for the individual for the entity is 80 hours or more; and (b) the individual has given a notice to that effect in the manner set out in subsection (2). Otherwise, the lower rate applies to the individual. > Note 1: See the definition of reference period in section 4A. > Note 2: For the amount of the jobkeeper payment, see section 13. (2) The notice must be given, in the approved form, to: (a) unless paragraph (b) applies—the entity; or (b) if the individual is a sole trader—the Commissioner.