Major update to the NSW JobSaver Payment

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From Friday the 10th of September, you will need to reconfirm your business still meets the eligibility criteria every fortnight to continue to receive your ongoing support payments.

That is, you need to confirm with ServiceNSW that you have maintained your employee headcount and that you continue to experience a decline in turnover of more than 30%.

In order to be eligible for the JobSaver payment for the most recent fortnight, the business must have experienced a decline in turnover of at least 30% from the 30th of August to the 11th of September 2021 compared to either the same period in 2019, OR the same period in 2020, OR the 2 week period immediately before any NSW restrictions (12 to 25 June 2021 inclusive). However, you must choose the same year for your comparison period as in your initial application.

The Next Steps:
To reconfirm your eligibility, you must log into the MyServiceNSW account that was used to submit the application and navigate your business profile.

To ensure you are ready to test if you have experienced a decline in turnover, we suggest reconciling your bookkeeping files as soon as possible up to the 11th of September.

We note that the decline in turnover will be measured based on the GST turnover. As such, if you report GST turnover on your BAS to the ATO on an accrual basis, you should use this method. If you report GST turnover on your BAS to the ATO on a cash basis, you should use this method.

There is currently no need to submit any supporting evidence or accountants letter.

If you are unsure of your eligibility, please contact HYD Advisory on (02) 8543 6800 or email your client manager directly so that we can arrange for an accountant to assist you with your turnover check.

Our team are currently working remotely and are available to assist you with lockdown support for your business. We want to reassure clients that we’ll be on hand to talk with you about your business issues and give you the confidence you need to make good decisions to keep your business alive in these difficult times.