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Self-employed borrowing handbook · Australia

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Business activity statements

Quarterly statements lodged with the ATO reporting GST collected and paid, and often PAYG instalments.

What an assessor reads in it

  • Turnover, and whether it is stable, growing or falling across quarters
  • Whether lodgements are up to date, which is a proxy for how the business is run
  • Consistency against what the bank statements show arriving

How to prepare it

  • Have four to six consecutive quarters, not a selection of good ones
  • Lodge any outstanding quarters before applying, not during
  • Be ready to explain a quarter that is materially out of line with the others

What spoils it: A gap. A missing quarter reads as either a lodgement problem or a hidden bad period, and the assessor cannot tell which.

Where it comes from

ATO — Business activity statements

General information about how Australian lenders assess self-employed income. Lender policy differs and changes, and tax and lodgement rules are set by the ATO; each page links to the body that sets the rule. Reviewed 17 August 2026.

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