SOLE TRADERS / FREELANCERS WITH AN ABN
Self-employed individuals will be eligible to receive the JobKeeper payment where they have suffered or expect to suffer a 30% decline in turnover relative to a comparable period a year ago (of at least a month). Businesses without employees will need to provide an ABN for their business, nominate an individual to receive the payment and provide that individual’s Tax File Number and provide a declaration as to their recent business activity. People who are self-employed will need to provide a monthly update to the ATO to declare their continued eligibility for the payments. Payment will be made monthly to the individual’s bank account.