Government Support for NSW Businesses and Individuals

With much of NSW now in a state of lockdown, it’s important for impacted businesses to consider what financial assistance is available. These NSW Government measures include the following and are tax-free payments:

1. NSW COVID-19 Support Grant, up to $15,000 available (period up to 17 July 2021)

• Have an ABN and GST registered on or before 1 June 2021
• Be physically located in NSW, with turnover of at least $75,000
• Decline in turnover for minimum 2-week period from 26 June 2021 to 17 July 2021, compared with same period in 2019 or 2020
• Maintain employee headcount as of 13 July 2021
• $15,000 for 70% decline in turnover
• $10,500 for 50% decline in turnover
• $7,500 for 30% decline in turnover

2. NSW JobSaver Grant, up to $100,000 per week available (period 18 July 2021 onwards)

• Have an ABN and GST registered on or before 1 June 2021
• Be physically located in NSW, with turnover of at least $75,000 up to $50 million
• Be impacted by COVID-19 restrictions
• 30% Decline in turnover for minimum 2-week period from 26 June 2021 to 28 August 2021, compared with same period in 2019 or 2020
• Maintain employee headcount as of 13 July 2021
• For employing businesses, minimum payment of $1,500 and maximum of $100,000 per week based on 40% of pre lockdown wages
• For non-employing businesses, payment of $1,000 per week.

3. Micro Business Grant of $1,500 per fortnight

• Annual Turnover of between $30,000 and $75,000
• 30% Decline in turnover for minimum 2-week period from 26 June 2021 to 28 August 2021, compared with same period in 2019 or 2020
• Impacted by Covid-19 restrictions

There is also Federal Government COVID-19 Disaster payments available to individuals who have lost 8 or more hours per week due to the current COVID-19 restrictions. Payments were increased from 2 August 2021 to $450 (between 8 and 20 hours lost) and $750 (20 hours or more lost) per week. Your employees can still receive these payments even if your business is receiving any of the above grants.

For further information on eligibility, please contact us.