Definition of Financial Hardship
For the purpose of the General Financial Hardship Policy, financial hardship means:
Severe financial suffering due to a force majeure event which could be brought on by at least 25% decline in turnover compared to the same period last financial year.
Any circumstances not within the reasonable control of the Small or Medium Business affected, but only if and to the extent that:
- Such circumstance, despite the exercise of reasonable diligence and the observance of good business conduct, cannot be or be caused to be, prevented, avoided or removed by the Small or Medium Business
- Such circumstance, materially and adversely affects the ability of the Small or Medium Business to perform business as usual, and such Small or Medium Business has taken all reasonable precautions, due care and reasonable alternative measures in order to avoid the Financial Hardship effect of such event, and to mitigate the consequences thereof
Any registered business (ABN/ACN) that meets all the following criteria:
- A business that employs between 0 and 19 employees,
- A business that has aggregated turnover of less than $1 million per annum,
- A business that is not a subsidiary or associate of a medium or large business, and
- A business that is not a superannuation or trust fund.
Any registered business (ABN/ACN) that meets all the following criteria:
- A business that employs between 20 and 199 employees,
- A business that has aggregated turnover of less than $5 million per annum,
- A business that is not a subsidiary or associate of a medium or large business, and
- A business that is not a superannuation or trust fund.
We can only offer a partial refund where a service cannot be provided in the future. Refunds are not available for services completed or for prior periods.
We cater for people of all backgrounds. Please ask your English-speaking support person to call 03 9280 0726.