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As sole trader with no employees have question related to the below fact sheet related to jobkeeper payment extension:
From 28 September 2020, businesses and not-for-profits will be required to reassess their eligibility with reference to their actual GST turnover in the June and September quarters 2020. They will need to demonstrate that they have met the relevant decline in turnover test in both of those quarters to be eligible for the JobKeeper Payment from 28 September 2020 to 3 January 2021.
Question - Can I combine the June and September quarter revenue for 2020 and compare to same period in 2019 when working out decline in turnover of 30% to qualify for jobkeeper extension?
Currently my June quarter comparsion is much more then 30% decline, but the Septemeber quarter may be more like 25% decline.
If you only decline 25% in September quarter, then you do not qualify under the new rules, which says you have to have at least a 30% decline in BOTH the June and September quarters
EACH ONE must show the relevant decline, otherwise they would have said an overall downturn when combining both quarters