Provision of financial information for Sole Proprietor, Partnership, Company or Trust, supported by:
Personal* and Business (Partnership, Company, Trust) tax return from the most recent financial year along with either the corresponding Notice of Assessment (NOA) for individuals OR a letter from accountant to confirm that tax returns provided are final and have been lodged with ATO; AND
Business financial statements (accountant prepared Profit and Loss Statement and Balance Sheet, which must include the depreciation schedule) from the most recent financial year, showing the last two consecutive years* profit and loss information.
* If accountant prepared financials are not available for sole trader, two years’ personal tax returns are required.
Where the Bankwest Serviceability Calculator has a variance greater than (+/-)10% in the total allowable income for current versus previous year, the application must be referred to a holder of an appropriate delegation for approval, with mitigating commentary.
To align with ATO requirements, as of 1 March, the most recent financial year's information must be provided.