Completing the Business Details form (MOD F) 043-03060010

Use a MOD F to obtain information when the customer (or their partner) who are:

• Involved in a business as a sole trader, or
• In a partnership

The information collected with the MOD F allows Services Australia to assess income and assets of a sole trader or partnership business.

MOD F responses from JobSeeker Payment (JSP) and Youth Allowance (YA) customers can also prompt a discussion about whether they meet the definition of unemployed. For more information, see Unemployed eligibility for Jobseeker Payment (JSP) and Youth Allowance (job seeker).

The MOD F asks customers (and/or their partners) to attach documents, such as:

• Taxation returns
• Profit and loss statements
• Balance sheets, and/or
• Depreciation schedules

Complex business structure assessments may be referred to the Complex Assessment Officer (CAO).

Assess and code responses to the MOD F.

The agency will not reimburse the customer for fees charged by their accountant for providing documents/information.

If the business or partnership holds real estate, the customer (or partner) needs to complete a Real Estate (MOD R).

Work Bonus:

• Includes self-employment income earned through personal exertion
• Automatically applies the percentage of business income derived from personal exertion

Note: for Sole Trader income, the Work Bonus percentage from personal exertion will default to 100%.

Members of a Partnership need to advise the percentage of their income from the business that is from personal exertion.

For example, if a customer has net partnership income of $5,000 and advises that 50% of their partnership income has been earned through personal exertion, then Work Bonus will be applied to 50% of their Partnership income (or $2,500).

This applies to customers who are:

• Of Age Pension age, and
• Receiving an income support payment other than Parenting Payment Single (PPS)

• All questions should be answered
• All required documents must be provided, such as:
• Taxation returns
• Profit and loss statements
• Balance sheets
• Depreciation schedules
• If income or assets have changed then proof of the change must be provided, such as
• Payslips
• Bank statements
• If the customer (or their partner) is involved in more than one business structure (for example, more than one partnership) a separate MOD F is required for each business
• The module only needs to be signed if returning by post or in person