The NSW Government will be offering financial support to businesses and not-for-profit organisations impacted by the recent COVID-19 restrictions and stay-at-home orders. For members, the most important packages are the COVID-19 Small Business Grant, Micro Business Support Grant, JobSaver program, Pandemic Leave Disaster Payment.
New COVID Support Grants
Your business could be eligible for a COVID-19 Business Support Grant of up to $10,000. The grants will be available to eligible businesses in NSW based on the financial decline experienced during the restrictions:
Businesses will be able to apply for grants through Service NSW from late July.
JobSaver Scheme Businesses
JobSaver Scheme Businesses with turnover between $75,000 and $50 million, and have experienced a decline in turnover of 30%, or more may be eligible for JobSaver. JobSaver is fortnightly payments for employing businesses of 40% of weekly payroll with a minimum payment of $1,500 per week and up to a maximum of $10,000 per week. This scheme will be open for applications late July 2021.
Businesses with a turnover between $30,000 and $75,000, and have experienced a revenue decline of 40%, or more may be eligible for the micro-business grant. This grant is a fortnightly payment of $1,500. This scheme will be open for applications in late July 2021.
Small Business Grant
The Small Business Grant is a one-off lump sum grant of between $7,500 to $15,000 for eligible businesses that have experienced a decline in turnover during the restrictions. Businesses eligible for this grant must:
Eligible businesses will be entitled to the following grant amounts depending on the decline in turnover experienced over a minimum two (2) week period from 26 June 2021 to 26 July 2021 compared to the same period in 2019:
COVID-19 Disaster Payment
COVID-19 Disaster Payment is financial support that individuals (employees) can apply for and claim through Services Australia themselves. Employers are not required to do anything except being aware that Services Australia may contact them for verification of their employee’s claims. Individuals will need to check the eligibility rules applicable to them. Of interest to employers is the below criteria:
“that you’ve [individual] lost income on or after day eight (8) and don’t have any appropriate paid leave entitlements”.
Employees are required to use appropriate paid leave first before they are eligible for the COVID-19 Disaster Payment. Employees will also be considered to have used all their appropriate paid leave if the employer cannot pay the appropriate paid leave entitlement due to financial hardship. The definition of ‘appropriate paid leave’ does not include:
This means an employee does not need to take the above types of leave before they can access the COVID19 Disaster Payment.
If an employee is eligible for the COVID-19 Disaster Payment they will be entitled to payments as follows:
Pandemic Leave Disaster Payment
A NSW employee who is directed to self-isolate or quarantine by NSW Health or care for someone who has COVID-19 may be eligible for the lump sum Pandemic Leave Disaster Payment of $1,500 for each 14 day period.
Public Holiday Date New Year’s Day Saturday, 1 January New Year’s Additional Day Monday, 3 January * Australia Day Wednesday, 26 January Good Friday