May 1, 2020

COVID-19

JobKeeper Payment Resources:

Click here for more information on Sole Trader & Other Entitiy Eligibility

Cash Flow Boost Information

For most businesses and NFP organisations you will be eligible to receive the cash flow boost if:

  • You are a small or medium business entity or NFP of equivalent size (that is, an entity with aggregated annual turnover less than $50 million).
  • You held an ABN on 12 March 2020.
  • You made payments to employees subject to withholding (even if the amount you withheld is zero), such as    
    • salary and wages
    • director fees
    • eligible retirement or termination payments
    • compensation payments
    • voluntary withholding from payments to contractors. 
  • You have lodged, on or before 12 March 2020, at least one of    
    • a 2018–19 income tax return showing that you had an amount included in your assessable income in relation to you carrying on a business.
    • an activity statement or GST return for any tax period that started after 1 July 2018 and ended before 12 March 2020 showing that you made a taxable, GST-free or input-taxed sale.

Additional consideration may be made. You can find more information here