The NSW and Federal Governments are reacting and providing support for business and individuals who’s income has been affected by the recent lockdown measures.

Please find below the latest summary:

NSW Revenue Grants

  • NSW Business Grant
    • Downturn must be greater 30% and is calculated on downturn of cash income (money that hit your bank account), unless you lodge BAS’s on an accruals basis
    • Must have greater than $75,000 turnover in 2020 financial year
    • Lump sum payment of up to $15,000 depending on amount of downturn
    • NSW Revenue at this point of time, will not consider alternate test such as invoicing comparisons
    • Must select 2 week period between 26/6/2021 and 17/7/2021
    • Must use same dates in 2019 as your comparison period
    • More Info at: NSW Covid-19 Business  Grant
  • NSW Micro Business Grant
    • Downturn must be greater 30% and is calculated on downturn of cash income (money that hit your bank account), unless you lodge BAS’s on an accruals basis
    • Must have between $30,000 and $75,000 turnover in 2020 financial year
    • Fortnightly $1,500 payment for duration of Greater Sydney Lockdown
    • NSW Revenue at this point of time, will not consider alternate test such as invoicing comparisons
    • Must select 2 week period starting after 26/6/2021
    • Must use same dates in 2019 as your comparison period
    • More Info at: NSW Covid-19 Micro Business Grant
  • NSW Jobsaver
    • Downturn must be greater 30% and is calculated on downturn of cash income (money that hit your bank account), unless you lodge BAS’s on an accruals basis
    • Must have greater than $75,000 turnover in 2020 financial year
    • Payment will be equivalent of 40% of weekly NSW payroll with payment amounts of:
      • Minimum payment of $1,500 per week
      • Maximum payment of $10,000 per week
      • Non-employing businesses (eg sole traders) can get $1,000/week
    • Weekly payroll should generally be determined by referring to the most recent BAS provided to the ATO before 26 June 2021 for the 2020-21 financial year.
    • NSW Revenue at this point of time, will not consider alternate test such as invoicing comparisons
    • Must select 2 week period starting after 26/6/2021
    • Must use same dates in 2019 as your comparison period
    • More Info at: NSW Jobsaver
  • Notes for all grants
    • You must maintain your employee headcount as at 13/7/2021 for all grants.  However staff do not have to be currently being paid.
    • If you do not have a comparison period for 2019, you will need to call NSW Revenue on 137788.
      • We cannot make this call for you, we are not authorised with NSW Revenue to discuss your business
      • Be prepared for a long hold time, as they understandably have high call volumes
      • Make sure they put notes on your file and get a receipt number if you are successful in your requests
    • We have had only two clients so far successfully argue to use accruals (invoices) rather than cash to calculate their downturn
    • Non-Employing Businesses can not get these grants if the associated persons (directors, sole proprietor etc)have received the Commonwealth Covid-19 Disaster Payment (Below)

Commonwealth COVID-19 Disaster Payment

  • Must have downturn in in hours worked:
    • 8-20 Hours work lost – $450 (increased payment commencing 2/8/21)
    • 20-40 hours work lost – $700 (increased payment commencing 2/8/21)
  • This claim is made through MyGov
  • More Info at: Commonwealth COVID-19 Disaster Payment