Document ID: chunk:federal_register_of_legislation:C2020A00081:clause:2_789gcd
Version: federal_register_of_legislation:C2020A00081
Segment Type: clause
Provision Reference: sch 2 cl 789GCD
Character Range: 11336–12824

789GCD  10% decline in turnover certificate
 (1) An eligible financial service provider may issue a written certificate that:
 (a) relates to a specified employer; and
 (b) confirms that the employer satisfied the 10% decline in turnover test for the designated quarter applicable to a specified time.
 (2) However, an eligible financial service provider is not entitled to issue a certificate under subsection (1) in relation to an employer if the eligible financial service provider is:
 (a) a director or employee of the employer; or
 (b) an associated entity of the employer; or
 (c) a director or employee of an associated entity of the employer.
 (3) A certificate under subsection (1) is to be known as a 10% decline in turnover certificate that covers the employer specified in the certificate for the designated quarter applicable to the time specified in the certificate.
 (4) If:
 (a) an employer is a small business employer; and
 (b) an individual who:
 (i) is, or is authorised by, the employer; and
 (ii) has knowledge of the financial affairs of the employer;
  makes a statutory declaration to the effect that the employer satisfied the 10% decline in turnover test for the designated quarter applicable to a specified time;
the statutory declaration is taken to be a 10% decline in turnover certificate that covers the employer for the designated quarter applicable to the time specified in the statutory declaration.
Note: For small business employer, see section 23.