As multiple states plunge into lockdown to stop the spread of coronavirus, state governments around the country are working to provide new cash grants to help support those businesses affected by the public health restrictions.
July 2021 Top-Up Payments
Additional support will soon be provided to eligible small and medium-sized businesses in industries currently affected by restrictions in metropolitan and regional Victoria through the July 2021 Top-Up Payments.
Any business or sole trader that has had their initial application assessed as successful for the Business Costs Assistance Program Round Two or the Licensed Hospitality Venue Fund 2021 will automatically receive the July 2021 Top-Up Payments.
Unfortunately, businesses that are ineligible for either of the above grants are not eligible to receive the top-up payment.
The additional payments available are:
- $2,000 for successful recipients of the Business Costs Assistance Program
- $3,000 for successful recipients of the Licenced Hospitality Venue Fund
How to apply
Payments will automatically be paid into the same bank account nominated by businesses in their original application.
More information about the July 2021 Top-Up Payments can be found here.
New South Wales
COVID-19 Business Grants
These are one-off payments for businesses that have experienced a downturn as a direct result of the current restrictions.
To qualify, businesses will need to have an annual turnover above $75,000, a payroll up to $10 million and to have experienced a revenue decline of 30% or more.
The grant amounts vary depending on the revenue decline experienced. Businesses that have experienced a 30 per cent decline can claim $5,000, those experiencing a 50 per cent decline can claim $7,500, and those proving a 70 per cent decline can claim $15,000.
How to apply
To apply, businesses will need to compare their turnover for a minimum of a 2-week period after lockdown commenced to a minimum 2-week period in June and/or July 2019.
Businesses can apply here.
This support program provides small and medium-sized businesses with support to maintain staffing levels.
Businesses with a turnover of more than $75,000 will be eligible for payments of up to 40% of their weekly payroll, with a minimum weekly payment of $1,500 and a maximum of $10,000.
Sole traders will also be eligible to apply for a weekly payment of $1,000.
More information about the JobSaver payments can be found here.
COVID-19 Micro Business Grants
Small businesses and sole traders will soon be able to apply for Micro Business Grants.
Small businesses and sole traders with an annual turnover between $30,000 and $75,000 who can show a decline of 30% or more during the lockdown compared with an equivalent period in June or July 2019 will be eligible to apply.
Eligible businesses will be able to apply for grants of $1,500 a fortnight while restrictions continue.
How to apply
Applications are expected to open in late July. More information can be found here.
Business Support Package
This new support package will support an estimated 50,000 eligible small to medium-sized businesses across the state.
To be eligible for the $3,000 payments, a business must (as of 12.01 am Tuesday 20th of July)
- Be located within South Australia
- Have an annual turnover of $75,000 or more in 2020-21 or 2019-20, and be registered for GST
- Employ people in South Australia
- Have an Australia-wide payroll of less than $10 million in 2019-20
- Have a valid Australian Business Number (ABN)
- Experienced at least a 30 per cent reduction (compared to the week prior) in turnover due to the restricted trading conditions
To be eligible for the $1,000 payments, non-employing businesses must meet the criteria listed above excluding the requirement to employ people.
How to apply
The payments will be paid in arrears for the lockdown, and anyone affected can apply through myGOV from Wednesday, 28 July.
More information can be found here.
COVID-19 Disaster Payments
Any area declared a COVID-19 hotspot for purposes of Commonwealth support is eligible to access COVID-19 Disaster Payments.
This is a payment available for people living in the hotspot areas where restrictions lasting for more than 7 days have caused a reduction in working hours or lost income.
- Individuals that lose 20 hours or more of work during the lockdown period are eligible for a payment of $600.
- Anyone who loses between 8-20 hours of work during the lockdown period is eligible for a payment of $375.
There is no liquid asset test applied in order to receive these payments.
Below are the current Commonwealth declared hotspots.
Greater Melbourne, Moorabool Shire, City of Greater Geelong, Borough of Queenscliff and Surf Coast Shire.
Greater Sydney, including the Blue Mountains, Central Coast, Shellharbour and Wollongong.
Adelaide, Burnside, Campbelltown, Charles Sturt, Holdfast Bay, Marion, Mitcham, Norwood Payneham and St Peters, Onkaparinga, Playford, Port Adelaide Enfield, Prospect, Salisbury, Tea Tree Gully, Unley, West Torrens, Gawler and Walkerville, as well as the Adelaide Hills Council.
Applications for COVID-19 disaster payments can be made through Services Australia.