Federal Government Stimulus Payments – Eligibility

Business cash flow boost

Eligle employers:

You will be eligible to receive the cash flow boost if you are a small or medium business entity, including not-for-profit organisations, sole traders, partnership, company or trust that:

  • held an ABN on 12 March 2020 and continues to be active
    has an aggregated annual turnover under $50 million (generally based on prior year turnover)
    made eligible payments you are required to withhold from (even if the amount you need to withhold is zero).

Eligible payments include:

  • salary and wages
    director fees
    eligible retirement or termination payments
    compensation payments
    voluntary withholding from payments to contractors.

In addition, you must also have either:

  • derived business income in the 2018–19 income year and lodged your 2019 tax return on or before 12 March 2020
    made GST taxable, GST-free or input-taxed sales in a previous tax period (since 1 July 2018) and lodged the relevant activity statement on or before 12 March 2020.

Full details here