NSW and Federal Government Covid-19 Updates

NSW Government: COVID-19 Business Grant
Businesses	30% Decline in turnover	50% Decline in turnover	70% Decline in turnover
Financial Grant	$7,500 (Tier 1)	$10,500 (Tier 2)	$15,000 (Tier 3)
Requirements:	Active ABN registered in NSW, OR physically located and primarily operating in NSW as at 1 June 2021 Annual aggregated turnover of between $75,000 and $50M incl GST in accordance with Payroll Tax Act Grouping provisions. Annual wages up to $10M as at 1 July 2020 Incur business costs covered by no other Government support Maintain employee headcount as at 13 July 2021 Minimum 2 weeks 30% decline in turnover between 26 June 2021 to 17 July 2021 compared with the same period in 2019 Only 1 grant per ABN Non-employing businesses are not eligible to apply if persons associated with the business, and who derive income from it, have applied for, or are receiving, the Commonwealth COVID-19 Disaster Payment e.g. Sole Traders or other businesses with no employees.
Highly impacted Industries	Declarations must be completed for Businesses listed on the Highly impacted industries list applying for Tier 1 or Tier 2, together with contact details of their Evidence* provider.		Tier 3 require Declarations for their first $10,500. Evidence* is required to receive the additional $4,500.
All other Industries	Evidence* of a decline in turnover must be submitted for Businesses not on the Highly impacted industries list
Ineligible Businesses	Defined listing
Application:	Open from 19th July 2021 Personal Businesses via MyServices NSW Personal Corporate Businesses via MyServices NSW Business
Get Notified:	Register for notifications
References:	Service NSW - Summary Service NSW - Details Service NSW - Guidelines Service NSW - Terms & Conditions
* Evidence is defined as a letter from a Qualified Accountant, Tax Agent or BAS Agent. Alternatively contact Service NSW on 137788

NSW Government: Micro Business Grant
Businesses	Summary
Financial Grant	$1,500 / fortnight
Requirements:	Annual turnover between $30,000 and $75,000 p.a. Decline in turnover of 30% or more ABN registered in NSW, OR physically located and primarily operating in NSW
Application:	Online from 26 July 2021, effective and backdated from week 1 lockdown
References:	Register your interest in notifications
References:	Service NSW - Announcement Service NSW - Information # 1

NSW Government: Other Relief
Various	Summary
Payroll Tax	Waivers of 25% with Australian wages of between $1.2M and $10M that have > 30% decline in turnover. Deferrals and interest free repayment plans available
Residential Rent Relief	A capped grant of up to $1,500 for residential landlords who are not liable to pay land tax who reduce rent for tenants
Land Tax Relief	Land tax relief equal to the value of rent reductions provided by commercial, retail and residential landlords to financially distressed tenants, up to 100% of the 2021 land tax year liability. Reference
Restricted Evictions	Short-term eviction moratorium for rental arrears where a residential tenant suffers loss of income of 25% due to COVID-19 and meets a range of criteria
Retail & Commercial Rental Bonds	No recovery of security bonds, or lockouts or evictions of impacted retail and commercial tenants prior to mediation
Gaming Tax	Deferral of gaming tax assessments for clubs until 21 December 2021 and hotels until 21 January 2021. Reference
References:	Service NSW - Announcement #1 Service NSW - Announcement #2

Federal Government: COVID-19 Disaster Payments
Individuals	Weekly			Weekly
Financial Grant 1st and 2nd Weeks	$325			$500
Financial Grant 3rd Week and Beyond	$375			$600
Requirements	Lost between 8 (or one day) & 20 hours work per week			Lost 20 or more hours of work per week
	Australian resident 17 years and older Not getting government income support, ABSTUDY Allowance, Parental or Partner Pay You live in, work from or have visited a Commonwealth declared Covid-19 hotspot (Recognised Sydney Events) Hhad paid employment and can’t attend work on or after day 8 of the lockdown because of restrictions. Lost income on or after day 8 of the lockdown and don’t have any appropriate COVID paid leave entitlements
Location Claim Due Dates	Key Eligibility Dates and Location
How to Claim	Via your myGov account linked to a Centrelink account (link)
References:	Services Australia - Overview Services Australia - General Eligibility Rules

Joint NSW & Federal Government "JobSaver Grant"
Businesses with Employees	Minimum			Maximum
Financial Grant (from 18 July 2021)	The higher of: $1,500/wk or 40% of the average weekly payroll* Paid fortnightly in arrears			$10,000/wk Paid fortnightly in arrears
Requirements:	Annual turnover of between $75,000 and $50M p.a Active ABN and operating in NSW as at 1 June 2021 Minimum 2 weeks 30% decline in turnover between 26 June 2021 to 14 August 2021 (or a date in the future the lockdown ends), compared with the same period in 2019 Annual Australian Wages < $10M Declare and maintain Full Time, Part Time and Long-Term Casual headcount as at Tuesday 13 July 2021 that had been employed > 12months. Reduction in numbers will be required to be disclosed. Non-employing businesses are not eligible for the JobSaver payment if anyone associated with the business or who derives income from it, has received a Commonwealth COVID-19 Disaster Payment since 18 July 2021. * Determined by referring to Label W1 on the most recent Activity Statement (IAS or BAS) provided to the Australian Taxation Office (ATO) before 26 June 2021 for the 2020-21 financial year. Divide this number by the number of days in the period and multiply by 7.
Businesses without Employees	Fixed Amount
Financial Grant	$1,000/wk
Application:	Open 26th July 2021 Close 18 October 2021
Ineligible Businesses:	Defined listing
References:	Service NSW – Fact Sheet #1 Service NSW - Guidelines Service NSW - FAQs

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