A new decision provides more guidance in Australia around whether business interruption insurance policies cover businesses for losses related to COVID-19.
This section provides the required information about your business operations.
A guide to each question is provided below
Do you earn revenue outside of Australia? – If you earn revenue outside of Australia please select yes.
With respect to your Australian operations, do you perform business in..?
Turnover from operations in other states will impact your stamp duty charges and any waiver eligibility.
Projected annual turnover – This is the estimated total amount of revenue in the next 12 months from all sales and/or services that your business carries out.
In which countries are you located? – If you have a physical presence (employees) in other countries, please select yes.
Total number of employees (incl. owner) – Do not include contractors. If you are a sole trader you should enter 1 in the field. If you have part-time workers 1 full-time equivalent worker = (Total Part Time hours over 1 week) ÷ 38.