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

• Sole trader, go to Q12
• Partnership, the recipient needs to give details of business partners at Q11

These questions are for customers:

• Of Age Pension age, or
• Claiming Age Pension and involved in a partnership

The customer needs to advise if their role (and their partner's role) in the business involves personal exertion. If so, they will need to state what percentage of their income is from personal exertion.

If the customer has:

• not indicated at Q9 or Q10 any Work Bonus eligibility, set the percentage as nil (zero)
• ticked 'Yes' at Q9 about physical exertion but has not completed the percentage at Q10, the percentage must be obtained. See Requesting information (CLK)

• Name and address of the business
• Date business commenced operating from

The customer must provide:

For businesses:

• Their latest personal income tax return
  Note: this could be a copy of documents lodged through MyTax
• The latest profit and loss statement for the business
• The latest balance sheet for the business
• The latest depreciation schedule

For business partnerships:

• A copy of the partnership agreement
• The latest partnership Income Tax Return
• If the partner is also a business partner, the partner's latest personal Income Tax Return
• Current and capital account details for each business partner

A MOD R needs to be completed for each property held by the business.

If the current income from the business differs to the latest Profit and Loss Statement or Income Tax Returns, it is in the best interest for the customer/partner to provide:

• An estimate and gross amount of the income for the current financial year
• Reason(s) why the income differs, including supporting documentation

The recipient will need to provide:

• A separate sheet with the current value of the assets and any liabilities
• Reason(s) why the values are different
• Documents to support their estimate

• Yes, go to question 22
• If business is no longer operating, the recipient will need to advise:
• Reasons why the business is no longer operating
• When the business stopped operating
• If they intend to resume in the business, including date they intend to resume
• If the business is generating any income

Customers/applicants will need to advise:

• If they are still working in the business, and if yes,
• The type of work they are doing
• The number of hours spent working

If the customer/applicant is not working in the business they will need to advise:

• Do they intend to resume the business, and
• Is anyone helping them to run it