JobSaver Payment

Posted 28 Jul '21

Who is eligible?

If you’re a business, sole trader or not-for-profit organisation in NSW and you've been impacted by the recent COVID-19 restrictions, you may be eligible for the 2021 COVID-19 JobSaver payment.

Eligible businesses and not-for-profit organisations with employees will receive fortnightly payments backdated to cover costs incurred from week 4 of the Greater Sydney lockdown (from 18 July 2021 onwards)

Eligibility

To be eligible for JobSaver you must:

• have an active Australian Business Number (ABN)
• demonstrate your business was operating in NSW as at 1 June 2021
• have had a national aggregated turnover between $75,000 and $50 Million (inclusive) for year ended 30 June 2020 - have experienced a decline in turnover of 30% or more due to the Public Health Order over a minimum 2-week period within the Greater Sydney lockdown (commenced June 26) compared to the same period in 2019
• for employing businesses, maintain your employee headcount on 13 July 2021 while you continue to receive JobSaver payments
• for non-employing businesses, such as sole traders, show that the business is the primary income source for the associated person. If you have more than one non-employing business, you can only claim payments for one business.

Eligible businesses can use JobSaver to cover business costs incurred from 18 July 2021. These costs may include:

- salaries and wages
- utilities and rent
- financial, legal or other advice
- marketing and communications
- perishable goods
- other business costs

How much is the payment?

• Employing businesses: 40% of weekly payroll, with a minimum payment of $1,500 per week and a maximum payment of $10,000 per week
• Non-employing business: $1,000 per week The payment will be equivalent to 40% of the weekly payroll for work performed in NSW: - minimum payment will be $1,500 per week - maximum payment will be $10,000 per week

Weekly payroll should generally be determined by referring to the most recent Business Activity Statement (BAS) provided to the Australian Taxation Office (ATO) before 26 June 2021 for the 2020-21 financial year.

If you’re a non-employing business, such as a sole trader, you may be eligible to receive a payment of $1,000 per week.

We advise you contact your PinnacleHPC accountant to confirm the weekly payroll calculations.

What you need

- A MyServiceNSW Account
– you can create one when you start your JobSaver application
- your proof of identity
- your valid ABN/ACN number
- your business banking details for payment
- evidence of your annual turnover and loss of income
- Australian income tax return or Notice of Assessment = qualified accountant, registered tax agent or registered BAS agent details, where required

Applications will close at 11:59pm on 18 October 2021.

Contact your PinnacleHPC accountant for further information and to assist with the application process.

Please note a reasonable fee (to be kept at a minimum) in view of the current circumstances will be charged to cover our time in reviewing your eligibility and preparing the necessary accountants letter for this grant.