Do I need to attach my tax return?

Centrelink asks for your latest personal income tax return, plus the partnership return if applicable, along with supporting records such as a balance sheet and depreciation schedule, unless you have already supplied them.

My business runs through a company or trust. Can I use this form?

No. SU580 is only for sole traders and partnerships. Businesses operated through a private company or trust are assessed differently, so contact Services Australia about the right documents to provide.

How do I convert annual figures to the statement period?

Scale them to match. The form gives the example that a statement covering a 3 month period would use one quarter of an annual figure. Cost of goods sold is opening stock plus purchases in the period, less closing stock.

Do I have to sign the form?

Only if you return it by post. Lodging the completed and saved form through your Centrelink online account does not require a signature, though the declaration must still be dated.

Is this the current version of the form?

This page reflects revision SU580.2403. Confirm the current revision on servicesaustralia.gov.au before you lodge.

Social Security

Fill Out Profit and Loss Statement (SU580) Online

Profit and Loss Statement form

Services Australia

Reports self employment income and expenses so Services Australia can assess your income support payment.

Reviewed July 2026

How it works

1
Open the form. The official PDF loads straight into the editor, no download needed first.
2
Fill it out in the editor. Click anywhere to type, add checkmarks and place your signature.
3
Download your PDF. Save the completed form, ready to print or submit.

Form SU580 is the Services Australia Profit and Loss Statement. Sole traders, including subcontractors, and partners in a partnership use it to report business income and expenses for a set period when they have started new employment or a new business, or when their level of business activity or income from self employment has changed. Centrelink uses the figures to assess income support payments.

You can fill out SU580 directly in the Universal PDF editor. Enter your business details and the financial figures for the statement period, then download the completed PDF. If you lodge it online through your Centrelink account, no signature is needed; if you post it, print and sign the declaration by hand.

What is Form SU580 used for

The statement gives Centrelink a current picture of business profitability when past financial statements no longer reflect reality. It records gross business income for the period, splits expenses into non variable items, such as insurance premiums, interest on business borrowings, licence fees, and depreciation claimable under Division 40 of the Income Tax Assessment Act 1997, and variable items, such as advertising, materials, motor vehicle running costs, and wages paid, then arrives at a net profit or loss.

Do not use SU580 if your previous year's financial statements are still indicative of current profitability, if you are a wage or salary earner or pieceworker, if Services Australia has advised you are in an employee style relationship and must declare gross income, or if your business operates through a private company or trust.

Who completes Form SU580

Sole traders complete it for their own business. Partners in a partnership complete it as well, recording the number of business partners and each partner's percentage share of income. If you are neither a sole trader nor in a partnership, the form directs you to call Services Australia on 132 850 to confirm whether it is needed at all.

Centrelink also asks for a copy of your latest personal income tax return, the partnership return where applicable, and supporting records such as a balance sheet, profit and loss statement, and depreciation schedule, unless you have already provided them.

How to fill out Form SU580

The form is short, but the financial page rewards preparation. Have your records for the period on hand, then:

Enter your Customer Reference Number, name, date of birth, business name, business type, and contact number.
Answer the sole trader and partnership questions, including income shares if you have partners.
Confirm whether your latest tax returns and supporting documents have already been provided.
Set the period of the statement with from and to dates.
Complete the financial details page: gross income, non variable expenses, variable expenses scaled to the statement period, and the resulting net profit or loss.
Date the declaration. Sign by hand only if you are returning the form by post.

How to submit it

Return the form and copies of supporting documents within 14 days of making a claim or of the change in circumstances. If you cannot meet that deadline, contact Services Australia as early as possible to make an arrangement.

You can upload the saved form and documents through your Centrelink online account in myGov, which needs no signature, or post them to Services Australia, Centrelink, Reply Paid 7800, Canberra BC ACT 2610 with a handwritten signature on the declaration.

Frequently asked questions

Within 14 days of making a claim or of the change in your circumstances. If that is not possible, contact Services Australia at the earliest opportunity to arrange an alternative.

Universal PDF is an independent product and is not affiliated with or endorsed by any government agency. Forms are provided from official government sources; always confirm you have the current version before filing.

This form is reproduced from official Australian Government sources, © Commonwealth of Australia, and where applicable is used under a Creative Commons Attribution licence. Universal PDF is not affiliated with or endorsed by any Australian government body; always confirm you have the current version on the official site.