Applications for a small business grant of up to $10,000 will be available through Service NSW within a fortnight and remain open until 1 June 2020.
To be eligible, businesses will need to:
Have between 1-19 employees and a turnover of more than $75,000
A payroll below the NSW Government 2019-20 payroll tax threshold of $900,000
Have an Australian Business Number as at 1 March 2020, be based in NSW and employ staff as at 1 March 2020
Be highly impacted by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020 issued on 30 March 2020
Use the funding for unavoidable business costs such as utilities, overheads, legal costs and financial advice
Provide appropriate documentation upon application.
We again advise neither of these are legislated and the particulars for the application process remain unknown at this time. Both are due to be put before parliament soon and we will advise again as appropriate.
For more information on any of the above, please contact our office on (02) 4929 3266.