4th July 2021
New support available for those affected by the latest COVID-19 lockdown in NSW, with limitations.
The NSW Government has announced new grants of up to $10,000 for businesses adversely impacted by the recent COVID-19 lockdowns. The full details of the grant and the eligibility criteria have not been released as yet but here is what we know so far:
Decline in turnover
Your business will need to prove a decline in turnover across a minimum 2 week period after the commencement of the major restrictions on the 26th June 2021. The value of the grant you may be entitled to will be determined by the size of the impact on your business. The bigger the impact, the larger the grant.
| Decline in turnover | Grant |
| 70% | $10,000 |
| 50% | $7,000 |
| 30% | $5,000 |
As yet we are unsure of what the Government will require from you to prove the decline in turnover. From past experience, it is likely to include a letter from your accountant. As more details come to hand, we will work with you to ensure you have all the available information.
Eligibility criteria
The grant is limited to businesses (including sole traders) with:
- A NSW registered ABN or able to demonstrate they are physically located and primarily operating in NSW; and
- Turnover of more than $75,000 pa; but
- Below the NSW Government 2020-21 payroll tax threshold of $1.2m as at 1 July 2020; with
- Fewer than 20 full time equivalent employees
Where and how to apply
The full eligibility details are not available as yet. When applications do open in late July, it will be through the Services NSW website.
PANDEMIC LEAVE DISASTER PAYMENT – NSW
Support is available if you live in NSW and can’t earn an income because you must self-isolate or quarantine, or caring for someone with COVID-19. You must be directed to self-isolate or quarantine by NSW Health. See here for more details.
