The major 2021 NSW COVID-19 Supports available to businesses are Business Grants, Micro Business Grants and JobSaver.
The full details of Business Grants are listed below, and applications are open on 19 July 2021. For JobSaver and Micro Business Grants, a brief summary is provided in this blog. For full details, please refer to our blogs on Micro Business Grant and JobSaver Payment.
If you have not already set up a MyServiceNSW Account and set up Business Profiles, you will need it for the applications of grants. To register, please click MyService NSW.
If you need any assistance on the applications, eligibility assessments and an accountant letter for business-related grants, please make bookings via the dedicated booking link here. Advisor fees will be applicable. Our services will be prioritised based on the booking orders.
COVID-19 Grants For Business
Business Grants
Who
For the business with an aggregated annual turnover between $75,000 and $50 million for the year end 30 June 2020 and had total annual Australian wages of $10 million or less as at 1 July 2020.
Turnover period
Decline in turnover for a minimum 14-day consecutive period between 26 June 2021 to 17 July 2021, compared to:
- the same period in 2019, or
- the same period in 2020, or
- the 2-week period immediately before the Great Sydney lockdown commended (12 – 25 June 2021).
Turnover declined percentage
30%, 50% or 70%
How much do you get
A one-off lump sum payment is provided. However, the grant amounts will depend on the decline in turnover experienced during the restrictions:
- Tier 1 – $7,500 for a decline of 30% or more
- Tire 2 – $10,500 for a decline of 50% or more
- Tire 3 – $15,000 for a decline of 70% or more.
When can you apply
Applications are open on 19 July 2021 and close at 11:59pm on 1 October 2021.
What to provide
The documents required depend on if your businesses are in the highly impacted industry list.
Highly impacted industry
- Declarations of eligible expenses and head-counts of employees;
- 2020 income tax return or Notice of Assessment;
- Supporting evidence/letter from a qualified accountant, BAS agent and Tax Agent for Tier 3 remaining amount of $4,500.
Non-highly impacted industry
- Declarations of eligible expenses and head-counts of employees;
- 2020 income tax return or Notice of Assessment;
- Supporting evidence/letter from a qualified accountant, BAS agent and Tax Agent for any tier of grants.
How to apply
Service NSW will deliver the Grant on behalf of the NSW Government.
For full information on COVID-19 Business Grant, please click here.
Micro Business Grants
Who
For the business with annual turnover between $30,000 and $75,000 for the year end 30 June 2020.
Turnover period
Decline in turnover for a minimum 14-day consecutive period between 26 June 2021 to 30 July 2021, compared to:
- the same period in 2019, or
- the same period in 2020, or
- the 2-week period immediately before the Great Sydney lockdown commended (12 – 25 June 2021).
Turnover declined percentage
30% or more
How much do you get
$1500 per fortnight
When can you apply
Applications open on 26 July.
How to apply
Service NSW will deliver the Grant on behalf of the NSW Government.
JobSaver
Who
For the business with annual turnover between $75,000 and $250 million for the year end 30 June 2020, and maintain employee headcount as at 13 July 2021.
Turnover period
Decline in turnover for a minimum 14-day consecutive period between 26 June 2021 to 30 July 2021 compared to:
- the same period in 2019, or
- the same period in 2020, or
- the 2-week period immediately before the Great Sydney lockdown commended (12 – 25 June 2021).
Turnover declined percentage
30% or more
How much do you get
- Employing business: 40% of weekly payroll, with a minimum payment of $1,500 per week and a maximum payment of $100,000 per week.
- Non-employing business: $1,000 per week
When can you apply
Applications open on 26 July.
How to apply
Service NSW will deliver the Grant on behalf of the NSW Government.
Payroll tax deferral & concessions
All businesses paying payroll tax in NSW will be able to defer their payroll tax payments until 7 October 2021.
For business wages up to $10 million experiencing 30% decline in turnover, there is a reduction of 25% in 2021-2022 payroll tax.
For Individuals and households
Covid-19 Disaster payment
The Disaster Payment support is available to individuals living in a declared COVID-19 hotspot or subject to restrict movement order.
During the lockdown, weekly payments can be claimed by individuals who have lost more than 8 hours or a full day of work in a week. The payments are as follows:
- lost 20 hours or more – $600 (previously $500)
- lost between 8 and 20 hours – $375 (previously $325)
Individuals will need to meet additional eligibility criteria and apply via Services Australia website. For more information click here. However, for the individuals, such as sole traders, they can not receive both grants and Disaster Payment.
Landlord support
Land Tax relief of up to 100% of the land tax liability will be available to residential and commercial landlords that pay land tax and reduce rents for their tenants.
For residential landlords that reduce their tenant’s rent and not liable to land tax, a grant of up to $1,500 may be available on application if qualifying criteria are met. For more information click here.
Please note that the material and contents provided are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained.