Published:
This summary sets out the key features and conditions of the State and Territory COVID-19 financial support measures currently available to businesses across Australia.
The hyperlinked Information for each measure will take you to the landing page where you can find guidance, terms and conditions, further information on eligibility and online application forms.
Contents:
Support program | Amount | Program open | Aggregated or annual turnover | Decline in turnover (DIT) | Other key conditions |
---|---|---|---|---|---|
NSW COVID-19 Business Grant Information | $7,500 to $15,000 | 19 July 2021 to 11:59pm on 13 September 2021 | Aggregated turnover of $75,000 to $50m for 2019–20 | ≥ 30%, ≥ 50%, ≥ 70% in minimum 2-week period from 26 June 2021 to 17 July 2021 (27 May 2021 to 17 July 2021 for Southern Border businesses) Compared with: ◾ same period in 2019 ◾ same period in 2020 ◾ 12–25 June 2021 ◾ 13–26 May 20211 | Maintain 13 July 2021 headcount Wages no more than $10m on 1 July 2000 Business costs incurred from 1 June 2021 to 17 July 2021 |
Support program |
Amount |
Program open | Aggregated or annual turnover | Decline in turnover (DIT) | Other key conditions |
NSW JobSaver Information | Employing: $1,500 to $100,000 per week Non-employing: $1,000 per week | 26 July 2021 to 11:59pm on 18 October 2021 | Aggregated turnover of$75,000 to $250m for 2019–20 | ≥ 30% from 26 June 2021 Compared with: ◾ same period in 2019 ◾ same period in 2020 ◾ 12–25 June 2021 | Maintain 13 July 2021 headcount Capped at 40% of NSW Weekly Payroll |
NSW JobSaver extension for larger businesses in tourism, hospitality and recreation industries | Aggregated annual turnover of: ◾ More than $250m to $500m: $300,000 per week2 ◾ More than $500m to $1b: $500,000 per week2 | Can apply from 26 August 2021 (backdated to 18 July 2021) to 18 October 2021 Applications will be manually assessed | Aggregated turnover of more than $250,000 to$1b for 2019–20 | Aggregated annual turnover of: ◾ More than $250m to $500m: ≥ 50% ◾ More than $500m to $1b: ≥ 70% Minimum 1-month period within the lockdown (commenced 26 June 2021) compared with the same period in 2019 or another agreed period | Maintain headcount from the day immediately prior to the month they first experienced the required DIT Capped at 40% of NSW Weekly Payroll |
NSW JobSaver extension for certain Not for profits | Employing: $1,500 to $100,000 per week Non-employing: $1,000 per week | Can apply from 26 August 2021(backdated to 18 July 2021) | Aggregated turnover of$75,000 to $250m for 2019–20 | ≥ 15% to < 30% Further details to be advised | Maintain headcount (date to be advised) Capped at 40% of NSW Weekly Payroll |
2 Fortnightly payments will be backdated to the start of the month in which the business first experienced the required decline in turnover on or after the commencement of JobSaver on 18 July 2021.
Support program |
Amount |
Program open | Aggregated or annual turnover | Decline in turnover (DIT) | Other key conditions |
$1,500 per fortnight | 26 July 2021 to 11:59pm on 18 October 2021 | Aggregated turnover of more than $30,000 to less than $75,000 for 2019–20 | ≥ 30% from 26 June 2021 Compared with: ◾ same period in 2019 ◾ same period in 2020 ◾ 12–25 June 2021 | Maintain 13 July 2021 headcount | |
$1,500 digital voucher | April 2021 to 11:59 on30 June 2022 |
|
| Wages no more than $1.2m Fees and charges from 1 March 2021 to 30 June 2022 | |
$20,000 | Closes until earlier of exhaustion of program funds or 11:59 on 10 September 2021 |
| ≥ 70% Minimum 2-week period from 27 May 2021 Compared with: ◾ Trading in 2019 — 27 May 2019 to 10 September 2019 ◾ Not trading in 2019 — 1 February 2021 to 28 July 2021 | Victorian payroll no more than $10m in 2019–20 Registered for GST on and from 28 July 2021 |
Support program |
Amount |
Program open | Aggregated or annual turnover | Decline in turnover (DIT) | Other key conditions |
Non-employing sole traders3: $1,000 Small employing: $10,000 Medium employing: $15,000 Large employing (tourism and hospitality businesses only): $30,000 | Non-employing: 11:30am on 31 August 2021 to 30 November 2021 Employing: Midday on 16 August 2021 to 16 November 2021 | Annual turnover of more than $75,000 | ≥ 30% Nominated 7-day period (must include at least 1 full day of a lockdown event) Compared with4: ◾ Same 7-day period in July/August 2019 ◾ Same period in July/August 2020 | Small: annual payroll less than $1.3m Medium: annual payroll $1.3m–$10m Large: annual payroll more than $10m Registered for GST | |
Employing: Up to $20,000 Non-employing: Up to $7,500 | 26 August 2021 to 5:00pm on 7 October 2021 | Annual turnover of more than $75,000 in either 2019–20 or 2020–21 | ≥ 30% over a consecutive 7-day period from 13 August 2021 to 17 September 2021 compared with a comparable consecutive 7-day period in April 2021 to August 2021 | Registered for GST Total Australian annual wages less than $10m in 2019–20 or 2020–21 if employing |
3 Can include a non-employing business operating through a company, partnership or trust structure.
4 If the business was not trading during the same period in 2019, or the 2019 period does not indicate a typical weekly turnover, another comparable 7-day period can be used.
Support program |
Amount |
Program open | Aggregated or annual turnover | Decline in turnover (DIT) | Other key conditions |
Up to $10,000 in form of credit for: ◾ Payroll tax ◾ Utilities ◾ Rates ◾ Range of business licence fees and charges | Opening in October 2021 | Annual turnover of $30,000 to $10m | ≥ 30% from June 2021 quarter to September 2021 quarter | TBA | |
Employing: $3,000 Non-employing: $1,000 | 29 July 2021 to 11:59pm on 30 September 2021 | Annual turnover of $75,000 or more for 2019–20 or 2020–21 | ≥ 30% in the week of 20 July 2021 to 26 July 2021 (inclusive) compared to the prior week | Registered for GST Australian payroll less than $10m if employing | |
Employing: $3,000 Non-employing: $1,000 Plus further $1,000 if operate from a commercial premise in the Adelaide CBD | 13 August 2021 to 17 October 2021 | No minimum turnover | ≥ 30% over the 2 weeks from 28 July 2021 to 10 August 2021 compared to average fortnightly turnover in the June 2021 quarter | Registered for GST Australian payroll less than $10m if employing |
5 Available to eligible Tasmanian businesses that have not received a grant under the previous Business Hardship – Border Closure Critical Support Grant (now closed).
6 Annual turnover can be for any of the following periods: 2018–19, 2019–20, 2020–21 financial years or 2020 calendar year.
DISCLAIMER: The material and opinions in this article should not be used or treated as professional advice and readers should rely on their own enquiries in making any decisions concerning their own interests.
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