Information about financial viability of business—Act, s 13
6 Information about financial viability of business—Act, s 13
For section 13(3)(c)(ii) of the Act, the prescribed information is a description of the financial documents held by the applicant relating to the business’s ability to—
meet its actual, or projected, operating costs and expenses; and
pay each worker supplied by the business as and when the worker is due to be paid; and
pay other financial obligations or entitlements in relation to workers, including, for example, the payment of payroll tax and superannuation for workers.
Examples of financial documents—
• a profit and loss statement
• a balance sheet
• an independent accountant’s report
• a financial plan
• a statement of actual, or projected, cash flow
• a bank statement
• a document showing amounts withheld from payments made to employees and paid to the Australian Taxation Office
• a document showing payment of employee superannuation
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