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How can I apply?

Businesses will be able to apply at MyServiceNSW. While applications won’t open until July 26, Service NSW has recommended businesses update their MyServiceNSW Account and business profile, and ensure their contact details are correct in the Australian Business Register. Payments are expected to begin flowing from July 30.

You can also register your interest in the program to receive email updates.

COVID-19 business support – 2021

NSW COVID-19 SUPPORT PACKAGE

Grants, loans and financial assistance

2021 COVID-19 business grant – Guidelines

 

A support payment for workers adversely affected by a state public health order.

Follow the link below for details of the payment.

 

https://www.servicesaustralia.gov.au/individuals/services/centrelink/covid-19-disaster-payment

NSW SMALL BUSINESS GRANTS EXPLAINED

The amount a small business can receive will depend on the percentage of turnover a business has lost during the lockdown.
Small businesses who experience a 70 per cent decline in turnover can access $10,000, those who have experienced a 50 per cent decline can access $7000 and those who have experienced a 30 per cent decline can access $5000.
The payments will be available by July 19.

The grants will be divided into two streams:

1. Small Business COVID-19 Support Grant: Available to businesses and sole traders with a turnover of more than $75,000 per annum but below the NSW Government 2020-21 payroll tax threshold of $1,200,000 as at July 1, 2020.
These businesses must have fewer than 20 full-time equivalent employees and an Australian Business Number (ABN) registered in New South Wales or be able to demonstrate they are physically located and primarily operating in New South Wales.
Full criteria will be available in coming days on the Service NSW website.
2. Hospitality and Tourism COVID-19 Support Grant: Available to tourism or hospitality businesses that have a turnover of more than $75,000 and an annual Australian wages bill of below $10 million, as at July 1, 2020.
These business must have an Australian Business Number (ABN) registered in New South Wales or be able to demonstrate they are physically located and primarily operating in New South Wales.
Full criteria will be available in coming days on the Service NSW website.

 

From 1 July 2021, amounts paid to closely held payees will need to be reported through STP. If you’re a small employer you can report these amounts on or before each payday, or you can choose to report this information quarterly.STP-closely held (related) payees

(STP) – CLOSELY HELD (RELATED) PAYEES


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