Profit and Loss Statement form (SU580)
Use this form if you are a sole trader, subcontractor or a partner in a partnership that has started new employment or a new business.
Financial Information Service Officers
Our Financial Information Service Officers can help you plan for your future financial needs.
What the Financial Information Service is
The Financial Information Service helps you make informed decisions about your finances.
Employment income reporting
We need to know the gross employment income you and your partner get so we can pay you the right amount.
Scheduled reporting
If you need to report your employment income, it’ll usually be every 14 days, on a date we tell you. We call this scheduled reporting.
Remove someone from a Medicare card
You can update your card when your circumstances change.
How to report your income to Centrelink
You can report your employment income in different ways.
When gifting exceptions apply
We have some exceptions to how we assess gifting.
Private trusts and companies
If you’re part of a private trust or company, we need to know your share of the income and assets.
How gifting can affect your payment
If you or your partner gift money, income or assets, we may assess it in your income and assets tests.