Applications for the second tranche of assistance, which includes the Micro Business Support Grants and the JobSaver program, will open from Monday, July 26.
From July 26, the Micro Business Support Grant will be available for eligible businesses with a turnover of between $30,000 and $75,000 that experience a decline in turnover of 30 per cent or more. Eligible businesses will receive $1,500, tax-free, per fortnight of restrictions.
In addition, the joint NSW Government and Commonwealth JobSaver program will help small and medium businesses retain staff.
Eligible businesses with a turnover from $75,000 and up to $50 million who maintain their staff headcount will receive tax-free fortnightly payments of 40 per cent of their weekly payroll, with a minimum payment of $1,500 per week, and a maximum payment of $10,000 per week. Eligible non-employing businesses will receive $1,000 per week. These payments will also be made fortnightly.
Support for individuals impacted by the current COVID-19 restrictions and stay-at-home orders is available through Services Australia
For more information on the 2021 COVID-19 Business Support Grants visit the NSW Government website
South Australian small and medium-sized businesses suffering a significant loss of income as a result of the state’s seven-day lockdown will be offered a $3,000 emergency cash grant as part of a major financial assistance package announced by the Government of South Australia.
The major support package also includes a new $1,000 cash grant for eligible small businesses who don’t employ staff, such as non-employing sole traders.
From next Wednesday, 28 July, workers in the nationally-designated hotspots of Adelaide, Adelaide Hills and Gawler who lose between eight hours and 20 hours of work during the first week of lockdown may be eligible for a $375 COVID-19 Disaster Payment from the Australian Government. Those who have lost more than 20 hours may be eligible for $600.
The Government of South Australia has today announced matched levels of support for workers outside of these nationally-designated hotspots, who have been subjected to the same lockdown restrictions but may not meet the criteria for a national COVID-19 Disaster Payment (which is limited to those located in an active hotspot).
Despite the different sources of funding, all eligible South Australians will apply for this financial support through the same Australian Government (Services Australia) system, with applications opening in the next couple of weeks.