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  • Accessing cash flow boosts

    To access the boosts, you must lodge your activity statement for PAYG withholding.

    If your business is a large withholder for PAYG withholding purposes, you should continue to pay your PAYG withholding to us as normal. To receive the boosts, you must lodge the activity statement for your other obligations (such as GST).

    See What you need to know.

    What you will receive

    The cash flow boosts will be applied to reduce liabilities arising from the same activity statement.

    You can estimate how much cash flow boost you may receive by using the Cash flow boost estimator (XLSX, 5.3MB)This link will download a file.

    It is important to make sure your financial institution details are up to date for your activity statement account. You can check and update them using our online services or contact your tax or BAS agent.

    Cash flow boost credits will be visible on your statement of account. They will appear as 'cash flow boost 1' for amounts relating to March to June 2020, or in the case of the additional cash flow boost from June to September 2020, as 'cash flow boost 2'.

    Offsetting

    From 1 January 2022, the usual debt offsetting rules will apply. This means eligible activity statements for March 2020 to September 2020 that are lodged on or after 1  January 2022, and receive cash flow boost amounts, will have any credits offset against existing tax debts before being refunded.

    We understand that businesses may still be experiencing financial difficulties as a result of the COVID-19 pandemic. For support tailored to your needs, speak with your registered tax practitioner or phone us on 13  11  42 during operating hours.

    See Support to lodge and pay.

    Refunds

    There are some circumstances where cash flow boost credits can be refunded to you instead of being offset against other tax debts, for example, when you:

    • lodge your March 2020 to September 2020 activity statements, or receive a lodgment deferral, on or before 31 December 2021.

    make a request for a refund due to financial hardship or other unique circumstancesYou may also receive a refund if you overpay your activity statement because your system was unable to take the cash flow boost into consideration when working out how much was payable.

    If you are due to receive a refund, we will generally pay it within 14 days.

    Example1: overpaying activity statement

    Sanjay's software calculates the liability for the quarterly March 2020 activity statement as $12,500. It does not account for any initial cash flow boost he may be entitled to. He pays the liability immediately.

    Sanjay is entitled to an initial cash flow boost of $10,000. This means the March 2020 quarterly activity statement will be in credit by $10,000. Generally, the overpayment of $10,000 is refunded to Sanjay.

    End of example
      Last modified: 17 Dec 2021QC 61925