Covid-19 Business Support Available Australia – State by State Guide
The Australian government has announced some Longer-term support for businesses. Introducing new measures to help businesses impacted by recent Covid-19 lockdowns around the country.
The majority of grants and support packages require a business to be registered for GST and have an ABN.
While every effort has been made to ensure accuracy as at the time of sending this email – in the evolving situation, support packages and eligibility criteria are likely to change, and information contained on this page may not be complete or may have changed.
Check your state’s eligibility requirements on your state or territory government’s website, or search for your state on the Federal Government’s Business site. This is a summary for general information only, none of the material is or should be regarded as advice of any kind.
New South Wales
COVID-19 Business Grants
This is a one-off payment of $7,500 to $15,000 to help businesses with cashflow support for the first three weeks of lockdown. The amount a business is eligible to receive will depend on its decline in turnover:
Tier 1: $7,500 for a decline of 30% or more
Tier 2: $10,500 for a decline of 50% or more
Tier 3: $15,000 for a decline of 70% or more
The grant is for businesses that have an annual turnover above $75,000 and a payroll up to $10 million. The decline must be shown by comparing an equivalent two-week period from June and/or July 2019 with the current lockdown period of 2021.
COVID-19 Micro Business Grants
The NSW Government announced an expansion to its small business support package that applies to small businesses with a turnover between $30,000 and $75,000.
If a ‘micro business’ can demonstrate a 30% reduction in turnover, it may be eligible to receive the $750 per week grant, so long as the business is the primary income source for a person associated with the business.
The 30% decline is demonstrated by comparing a minimum two-week period from 26 June 2021 to 26 July 2021 with the same period in June and/or July 2019.
Check the NSW website for more information on:
- Payroll tax deferrals
- Payroll tax concessions
- Businesses in commercial or retail premises
- Support for accommodation and creative arts industries
The July 2021 Top-Up Payment provides further support to eligible small and medium businesses in sectors impacted by the current restrictions.
Previous recipients of the Business Costs Assistance Program Round Two will receive an additional $2,000, and successful recipients of the Licensed Hospitality Venue Fund 2021 will receive an additional $3,000. These payments will be processed automatically in July 2021.
Business Support Grant
Small and medium businesses impacted by the lockdown may be eligible for a $3,000 cash grant to cover ongoing operating costs.
A $1,000 cash grant is also available for eligible small businesses that don’t employ staff, e.g. sole traders.
To be eligible for the emergency grants, a business must, as at Tuesday 20 July 2021, have an annual turnover of at least $75,000 in 2020-21 or 2019-20, a payroll of less than $10 million in 2019-20, employ people in South Australia (unless applying for the $1,000 cash grant for non-employers) and be able to demonstrate at least a 30% reduction in turnover compared to the previous week due to lockdown restrictions.
Small Business Lockdown Assistance Grants
Eligible small businesses impacted by the Perth and Peel lockdown in June 2021 can apply for a $3,000 grant to help offset costs associated with loss of perishable goods and bookings.
Eligible businesses must have had an annual turnover of $75,000 or more and a payroll of less than $4 million in the 2019-2020 financial year, and must demonstrate a primary business activity that fits into one of the designated industry categories.
Small Business COVID-19 Adaption Grant Program
Grants of between $2,000 and $10,000 are available to eligible regional Queensland small or micro businesses that have been highly impacted by shutdown restrictions. The grants are aimed at helping businesses adapt to new conditions, respond to opportunities, upskill staff and build resilience for longer-term growth.
Eligibility requirements include being able to demonstrate your revenue has declined by at least 30% since 23 March 2020 due to COVID-19, employing fewer than 20 employees, having an annual turnover of more than $75,000 for the last financial year and payroll of less than $1.3 million.
Relief for tourism operators
Fees and charges relief is being offered to eligible tourism and hospitality operators including waiving some licensing permit and application fees, and park permit assessment fees.
The Queensland government has also introduced a state land rent waiver for tourism operators impacted by COVID-19. This includes a refund of rent for the first quarter of 2020 if already paid by eligible businesses.
Small Business Skills Hub QLD
The Small Business Skills Hub is offering free online training and learning opportunities for small businesses with fewer than 20 employees which have been impacted by COVID-19 to assist with recovery.
Territory Business Lockdown Payment Program
An extended closure payment of $1,000 for eligible businesses impacted by the recent lockdown in NT was announced on 8 July 2021 and applications closed on 16 July 2021.
The NT Government states that ‘the program will start as from the issue of a direction by the chief health officer for the NT that a lockdown is in place’, suggesting that should the NT face restrictions again, applications may reopen.
Small Business Survival Payment NT
The Survival Payment is to help small businesses come back from the impacts of COVID. Eligible businesses must have a turnover of at least $75,000 but less than $10 million and be able to demonstrate a minimum 50% decline in turnover experienced in October 2020 compared to October 2019. Amounts of between $2,000 and $10,000 are available to eligible businesses. Applications will remain open until funds have been exhausted.
Business Loan Growth Scheme
The Growth Scheme is to support eligible businesses to adapt and develop enhanced business models or new projects that contribute to employment and economic recovery.
Loans from $20,000 to $3 million are available to eligible businesses that have a turnover of less than $10 million across that last two financial years and can demonstrate a history of profitability pre-COVID-19 or can demonstrate sound prospects for a new venture.
Tax & registration relief measures
Eligible Tasmanian businesses can potentially take advantage of a variety of payroll and land tax waivers and rebates, and apply to save or waive fees on business vehicle registrations.
Australian Capital Territory
Economic Survival Package
A variety of support measures are available to help ACT businesses recover from the impacts of COVID-19, including access to one-on-one tailored business advice, waivers for assorted licensing and registration fees and payroll tax deferrals.
National live music venue support
Live Music Australia is providing up to $100,000 in funding to eligible small to medium venues across Australia as part of the Government’s four years $20 million packages.
Applications for the current round of funding close on 9 August 2021.
Written by The Original PC Doctor on 2/08/2021.