NSW Treasury provides more information on JobSaver eligibility criterion based on ‘aggregated turnover'

Further details are available regarding the eligibility requirements for the NSW Government 2021 COVID-19 JobSaver payments.

New South Wales (NSW) Treasury has confirmed in the JobSaver payments terms and conditions that an entity must work out its aggregated annual turnover by following the definition in section 328-115 of the Income Tax Assessment Act 1997 (ITAA 97). An entity must have an aggregated annual turnover of between $75,000 and $50 million for the year ended 30 June 2020, as well as meeting other criteria, in order to be eligible for NSW JobSaver payments. Annual Turnover for this purpose is the ordi...

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Authors: Andy Hutt

Published Date: 27 July 2021