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When your agency enrolled in accreditation, it committed to providing a Statement of Financial Capability.
This confirms that the agency has the financial capacity to perform services on behalf of clients. This should be a base standard for undertaking work.
This statement, to be provided by a qualified accountant, certifies that the agency is a legal entity and that it has met:
- all of its statutory obligations including payment of Pay As You Go taxation schemes, PAYG withholding tax, GST Business Activity Statements, Superannuation Guarantee payments and payment of payroll tax, if applicable, and
- Other obligations, including payment of rentals and interest, as well as payment of sub-contractors and suppliers within agreed terms of business with the supplier.
Action
- Download Financial Capability Statement for completion by qualified Accountant
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