Service NSW released more info on Friday and Tuesday night and again today.
Not all details or scenarios have been clarified as yet. It appears that businesses not in operation prior to January 2021 will never be eligible.
FAQs
Can I apply for more than one form of support
Maybe
Does the test period have to be a calendar fortnight
No, any 14 or more consecutive days will do
Cash or accrual reporting method
Same reporting method used for your BAS
To stand down or not to stand down
You need to follow FairWork guidelines to stand down or reduce staff hours
Do you need to substantiate eligible expenses
You may, so be prepared
What proof do I need to upload with my claim
- You may need an authority to act on behalf of your business
- You will need March BAS or May IAS to prove average weekly wages
- 2020 tax return
- a letter from BAS or tax agent in most cases
What is an authority to act on behalf of your business
- Much like the authority you provided us to act on your behalf with the ATO,
You may have needed one to register your car in your company name.
