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Major update to the NSW JobSaver Payment

September 10, 2021

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 Eclipse Accounting Group so that we can arrange for an accountant to assist you with your turnover check.

At Eclipse Accounting Group, we’re about so much more than just numbers.

We’re invested in the good of our clients, our team and our families, and we strive to make a difference in the wider world.

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