COVID-19: JobSaver is now tax free

On 20 August 2021, the Federal Parliament declared the 2021 COVID-19 JobSaver payments and the 2021 COVID-19 Business Grants as Non-Assessable-Non-Exempt (NANE) income.

For your accountants/bookkeepers, for the purposes of s59-97 of ITAA 1997, this Declaration can be found via the Income Tax Assessment (Eligible State and Territory COVID-19 Economic Recovery Grants Programs) Amendment Declaration (No 2) 2021 which was on the Federal Register of Legislation as F2021L01178.

Members of the Australian Childcare Alliance (ACA) NSW can access the explainer video about JobSaver's application process using their ACA NSW username and password.

At this stage, the Federal Government's recently announced new Business Continuity Payments for NSW-based early childhood education and care services has not been declared as NANE income. 

PUBLISHED: 27 AUGUST 2021