To be eligible businesses must have:

  • Annual turnover between $75K and $50M
  • Must have experienced a 30% reduction in turnover compared to an equivalent two weeks in June/July 2019
  • The cash boost will equal 40% of the weekly payroll
  • Payments of between $1,500 and $10,000 per week
  • Payments will commence in Week 4 of the lockdown
  • All employees must be maintained as of 13 July 2021

Business Grant
Application open Monday 19th July for businesses, sole traders and not-for-profit organisations with annual wages up to $10M.

Grants on offer include:

  • $15K grant for a 70% decline in turnover
  • $10K grant for a 50% decline in turnover
  • $7.5% for 30% decline in turnover

Micro Business Grants
Available from late July, $1,500 fortnightly grants are available to small businesses and sole traders with:

  • Annual turnover between $30K and $75K
  • 30% reduction in turnover

25% Payroll Tax Waiver
For businesses with:

  • Wages of $1.2M to $10M
  • 30% reduction in turnover

Commercial & Retail Rent
Landlords are required to attempt mediation before evicting tenants or recovering their security bond. Land tax relief is available to the value of rent reduction.

IMPORTANT
Ensure your business details are up to date on the Australian Business Register (ABR) and your personal, contact and business details are up to date in your MyServiceNSW Account.  If you don’t have an account, you should create one now. Visit ServicesNSW for further details.

Further, should you need assistance applying or managing your cashflow please do not hesitate to contact us.