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Sole trader application after being made redundant

Newbie

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Hi

I have been a sole trader for multiple years and just lodged my return recently (in may)

I’ve also just been made Formally redundant by my full time employer in March, but haven’t finished up yet as I am on leave.

Can I apply for the sole trader jobkeeper application given my full time employment has been made redundant? As best I can tell I should be eligible
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Most helpful response

Devotee

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I would have thought so for the JobKeeper fortnight starting after you ceased to be an employee for your existing job provided you meet the requirements re a fall in turnover of at least 30% for the relevant test period for your sole trader business.

 

You may need to apply for Commissioner's discretion as you did not lodge your tax return by 12/3/20 (unless you lodged BAS  Statements)

 

https://www.ato.gov.au/assets/0/104/300/362/2634dd2a-3bbc-40e3-9895-4dd67441fc20.pdf

1 REPLY 1

Most helpful response

Devotee

Replies 0

I would have thought so for the JobKeeper fortnight starting after you ceased to be an employee for your existing job provided you meet the requirements re a fall in turnover of at least 30% for the relevant test period for your sole trader business.

 

You may need to apply for Commissioner's discretion as you did not lodge your tax return by 12/3/20 (unless you lodged BAS  Statements)

 

https://www.ato.gov.au/assets/0/104/300/362/2634dd2a-3bbc-40e3-9895-4dd67441fc20.pdf