As a response to the recent lockdown restrictions to Greater Sydney, the Central Coast, Wollongong and the Blue Mountains, the NSW government announced a new grant for small business employers to help with the effect of COVID on the businesses. Part of this package also includes the extension of the Dine and Discover program.
Small Business Grant
Eligible small businesses will be able to receive the newly introduced government grant, which can be used for costs relating to rent, power, and lost produce.
The amount of the grant will vary depending on the financial impact of the restrictions as follows:
- 70% decline in turnover – $10,000
- 50% decline in turnover – $7000
- 30% decline in turnover – $5000
Small businesses, sole traders and non-for-profit organisations will need to have a turnover between $75,000-$1,200,000 per annum to be eligible for this scheme. The employer must also be able to show a decline in turnover across a minimum two-week period after the restrictions were put into place 26 June 2021. In addition, the business is also required to have less than 20 full-time equivalent employees and an NSW registered ABN.
Businesses will be able to apply for this grant via the Service NSW website from late July.
Hospitality and Tourism Grant
The NSW Government has also altered the eligibility criteria of the Hospitality and Tourism grant for employers in the hospitality and tourism industry. Employers within these industries will be able to apply for this scheme if they have a turnover of more than $75k and an annual Australian wages bill of less than $10 million as at the 1 July 2020.
These businesses must also have an NSW registered ABN to prove that they are physically in NSW and primarily located in this state.
Businesses will also be able to apply for this grant from late July via the Service NSW website.
Dine and Discover Extension
In addition to these grants, the Government also stated that the NSW Dine and Discover program will be extended to 31 August 2021.
Individuals will now be able to use these vouchers for takeaway and delivery orders from eligible ‘Dine’ businesses whilst the restrictions are in place. The takeaway/delivery orders must be purchased directly from the venue – individuals will not be able to use the voucher for third-party delivery providers.
About Employment Innovations
Employment Innovations is one of Australia’s leading providers of employment services designed to increase productivity and ensure compliance. Its services and solutions include all the tools that every Australian small to medium sized employer needs – including workplace advice, legal services, payroll solutions, migration, human resource management and HR software.
The information provided in these blog articles is general in nature and is not intended to substitute for professional advice. If you are unsure about how this information applies to your specific situation we recommend you contact Employment Innovations for advice.