The NSW Government is rolling out a new support grant to help with the impact that the current Omicron Covid-19 variant has caused to small businesses. The changes to the public heath orders during the end of 2021 and into early January have directly and indirectly had a negative impact across a wide variety of hospitality business as well as other businesses. Many consumers were not wanting to be unnecessarily out and about in the community given how easily the new variant is transmitted.
The support payments are for small businesses, including sole traders and not-for-profits with a turnover between $75,000 and $50 million for the 2020 or 2021 year (you must use the most recent year lodged with the ATO).
There must have been a 40% decline in turnover during the specified periods in January and February 2022 and been operating under an ABN in NSW on 1 January 2021.
Eligible employing businesses will receive 20% of weekly payroll as one lump sum for the 4 week February period, with the minimum payment being $750 per week up to a maximum of $5,000 per week.
Employing businesses must have retained their employee headcount as at 30 January 2022.
Eligible non-employing business will receive $500 per week paid as a lump sum of $2,000.
The payments are only for the month of February.
The period for testing the 40% decline in turnover are:
- January 2022 compared to either January 2021 or 2020; AND
- 1 February to 14 February 2022 compared to the same fortnight in the comparison year used for the January test period.
This is for wages for work performed in NSW only.
The grant is currently open. We expect the grant to close on 31 March 2022.
Applications can be made via the Service NSW website. Please CLICK HERE to take you through to the application page and also view what evidence is required to support your claim.
Updated: 17th February 2022
Published by Sam Rasmussen
Contact samr@mmaacc.com or 02 6672 4044
