Small Business Support Grant |
7 April 2020
The NSW COVID-19 Small Business Support Grant of $10,000 will be available to eligible NSW small business owners.
The application form will be available on the Service NSW website by 17 April.
To be eligible for this, 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.
Highly impacted industries
Eligible industries are those that have been subject to closure or are highly impacted by NSW Government health directions in relation to COVID-19 and include:
• Retail trade
• Accommodation and food service
• Rental, hiring and real estate services
• Administrative and support services
• Arts and recreation services.
Important: Clients should not act solely on the basis of the material contained in this newsletter.Items herein are general comments only and do not constitute or convey advice per se. Also changes in legislation may occur quickly. We therefore recommend that our formal advice be sought before acting in any of the areas. Client Alert is issued as a helpful guide to clients and for their private information. Therefore it should be regarded as confidential and not made available to any person without our prior approval.
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CEO Avstev Group, Raymond Weil, Girard-Perregaux, Frederique Constant