>>>An update on the 2021 COVID-19 NSW Grants <<<
New testing dates and alternative rules** now apply for businesses that do not meet standard eligibility criteria for the COVID-19 Business Grant, COVID-19 JobSaver Payment and COVID-19 Micro-Business Grant.
2021 COVID-19 Business Grant – open now until 1 October 2021
For businesses, sole traders & NFP where the turnover for the year ended 30 June 2020** was >$75,000 to $50 Million. Grant funds can be used for business expenses for which no other government support is available. This can include utilities, wages, rent, marketing and advice to support your business.
To apply, businesses will need to compare their turnover for a minimum two-week period from 26 June 2021 to 17 July 2021, to the same period in either:
- 2019,
- 2020, or
- from 12-25 June 2021, being the two week period immediately prior to the Grater Sydney lockdown.
Basic criteria includes:
- have had total annual Australian wages of $10 million or less as at 1 July 2020
- Have an ABN
- Demonstrate physically and primarily operating in NSW
- Have not applied or received grant in any other tier level
If an employing business – maintain employee headcount at 13 July 2201.
Non-employing business – must be the primary source of income for the associated person.
Please note that non-employing businesses are not eligible to apply if persons associated with the business, and who derive income from it, have applied for, or are receiving, the Commonwealth COVID-19 Disaster Payment (through Centrelink).
Click here to read more information and access the link here for the application.
JobSaver Grant – open now until 18 October 2021.
Eligible to business with an annual aggregated turnover between $75,000 – $250 Million for the year ended 30 June 2020**. Payments for employing businesses will be from a minimum of $1,500 per week up to $100,000 (limited to 40% of weekly payroll), or $1,000 for non-employing businesses.
Your business must have been operating in NSW on 1 June 2021.
Had a decline in turnover of 30% over a minimum 2-week period from 26 June 2021 to 28 August 2021 compared to the same period in:
- 2019,
- 2020, or
- from 12-25 June 2021, being the two week period immediately prior to the Grater Sydney lockdown.
If an employing business – maintain employee headcount at 13 July 2021.
Non-employing business – must be the primary source of income for the associated person.
If you have more than one non-employing business you can only claim for one business.
Non-employing businesses are not eligible if the associated individual deriving income from the business received a Commonwealth COVID-19 Disaster Payment since 18 July 2021.
Click here to read more information.
Micro-Business Grant – open now until 18 October 2021.
Eligible to business with an annual aggregated turnover between $30,000 – $75,000 for the year ended 30 June 2020** will receive $1,500 per fortnight.
Must have an ABN and primarily operating in NSW as at 1 July 2021.
Had a decline in turnover of 30% over a minimum 2-week period from 26 June 2021 to 28 August 2021 compared to the same period in:
- 2019,
- 2020, or
- from 12-25 June 2021, being the two week period immediately prior to the Grater Sydney lockdown.
If an employing business – maintain employee headcount at 13 July 2021.
Non-employing business – must be the primary source of income for the associated person.
Click here to read more information.
**Alternative Tests for Turnover Requirements:
Alternative tests are now in place for the following circumstances:
1. Businesses that commenced after June 2019 (Note: businesses must have been operating on 1 June 2021 to be eligible for support).
2. Businesses that have been impacted by acquisition, disposal, or restructure.
3. Sole trader or small partnership impacted by sickness, injury or leave.
4. Businesses impacted by natural disasters (e.g. drought, bushfire, flood).
If a business is unable to demonstrate turnover for a full year, a shorter period can be accepted provided that shorter period is representative of the “normal operating environment” of the business. A minimum 3-month period should be used to demonstrate turnover, that when annualised, will satisfy the applicable turnover requirement of the grant being applied for. This can be supported by providing a quarterly BAS or a tax return indicating business commencement date.
Where a business is unable to provide this evidence, it may be able to provide the following to support its application:
- Accountants Letter, or
- Bank statements for a 3 month period, or the period for which it has been operating if less than 3 months
Where a business is impacted by natural disasters, it can actually go back to the same period in 2018 to determine the decline in turnover.
Resources to find out what other Grants and Funded programs may be available to your business (Australia wide)
https://business.gov.au/grants-and-programs
https://www.business.qld.gov.au/starting-business/advice-support/grants/finding
