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Re: Job Keeper - partially funded not for profits

Newbie

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I would like to know if a not for profit is partially funded by the Govt if they can still receive the Job Keeper payment while they are receiving the funding?
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Devotee

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so long as you can meet the turnover tests its look like you will be able to apply

 

Not-for-profit entities (including charities) that meet the turnover tests are eligible to enrol for the JobKeeper payment. An ACNC-registered charity, other than a university and school, only needs to show a decline in turnover of 15% or more. We will provide more information soon to help charities.

 

To establish that a business or not-for-profit has, or is likely to, face the relevant fall in their turnover, most would be expected to establish that their turnover has or will likely fall in the relevant month or quarter (depending on their Business Activity Statement reporting period) relative to their turnover in a corresponding period a year earlier. Turnover is calculated as it is for GST purposes, and is reported on Business Activity Statements. It includes all taxable supplies and all GST free supplies but not input taxed supplies. For registered charities, they may also include donations they have received or are likely to receive in their turnover for the purpose of determining if they have been adversely affected.

1 REPLY 1

Most helpful response

Devotee

Replies 0

so long as you can meet the turnover tests its look like you will be able to apply

 

Not-for-profit entities (including charities) that meet the turnover tests are eligible to enrol for the JobKeeper payment. An ACNC-registered charity, other than a university and school, only needs to show a decline in turnover of 15% or more. We will provide more information soon to help charities.

 

To establish that a business or not-for-profit has, or is likely to, face the relevant fall in their turnover, most would be expected to establish that their turnover has or will likely fall in the relevant month or quarter (depending on their Business Activity Statement reporting period) relative to their turnover in a corresponding period a year earlier. Turnover is calculated as it is for GST purposes, and is reported on Business Activity Statements. It includes all taxable supplies and all GST free supplies but not input taxed supplies. For registered charities, they may also include donations they have received or are likely to receive in their turnover for the purpose of determining if they have been adversely affected.