Does anyone know if there is any financial assistance for single parents on centrelink benefits for starting a small business?
I have had a look on the internet but can't find anything specific apart from help with start-up advice and resources... but I had heard centrelink offered financial assistance...? Perhaps they used to but don't anymore.
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17-12-2011 07:38 #1
Financial assistance for single parents on centrelink benefits...?
17-12-2011 11:08 #2
Interesting question, bumping for you.
30-01-2012 19:16 #3Does anyone know if there is any financial assistance for single parents on centrelink benefits for starting a small business?
The answer to your question is yes and no.
Centrelink does provide people with assistance to start a business under its New Enterprise Initiative Scheme (NEIS) programme but only if you are seeking work. It doesn't matter if you are single or married. You get to complete a Certificate IV in Small Business Management while you're on the programme.
If you start up a sole trader business while receiving benefits (ie Parenting Payment), you have to submit a Profit & Loss Sheet and declare any income made from your venture as though you would employment. Company structures undergo a different and more detailed type of scrutiny. To cut a long story short, it's a minefield and a headache and it's too depressing to detail.
But if you go into your Centrelink office and request to speak to a 'special considerations' officer or one who deals with busineses then someone will be able to fill you in.
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