To ease the pressure on thousands of small businesses that have been affected by the COVID-19 pandemic, the NSW Government has announced a COVID-19 Small Business Support Grant as part of the NSW Government Small Business Support Fund.
This assistance supports the ongoing operations of small businesses highly impacted from COVID-19 pandemic following the NSW Public Health Order of 31 March 2020.
Applications will be open until 1 June 2020.
Service NSW and Treasury NSW will implement the Grant on behalf of the NSW Government.
Applicants will be subject to audit by the NSW Government or its representatives.
2.1 The grant amount is up to $10,000.
3.1 Small business owners and non-profit organisations are eligible for a grant of up to $10,000 if they:
3.2 While non-employing businesses are not eligible for funding through this program, they may seek support through the Commonwealth Government’s Job Seeker Payment Program.
4.1 Grants are provided to support eligible businesses that have been impacted by the shutdown restrictions enacted by Government, due to COVID-19. Grant funds could be used, for example, on:
4.2 This grant must only be spent on unavoidable business expenses for which no other government support is available. For example, this grant cannot be used to pay wages for staff eligible for JobKeeper.
5.1 Applicants are required to:
5.2 For small businesses that are not on the list of highly impacted industries, a letter from an accountant confirming the decline in turnover will be required. The accountant’s letter must confirm the small business:
5.3 Where a small business or non-profit organisation was not in operation a year earlier, or where their turnover a year earlier was not representative of their usual or average turnover, the administrating agency will have discretion to consider additional information that the small business or non-profit organisation can provide to establish that they have been significantly affected by the impacts of the COVID-19.
Where a small business does not submit a BAS to the Australian Tax Office, the small business should contact Service NSW to discuss further. In these cases, an income tax declaration may be accepted as evidence of an annual turnover of $75,000.
6.1 The Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020, effective 31 March 2020 deals with the public health risk of COVID-19 and its possible consequences. It sets out businesses, places and services that have either been required to close, operate with restrictions, or permitted to remain open.
6.2 The Order applies to all NSW Government citizens with provisions made to limit movement, only allow gatherings of 2 or more people, set out requirements for owners and occupiers or premises, and identify ‘reasonable excuses’ and ‘essential gatherings’.
6.3 The list of highly impacted industries at Attachment A expands on the Public Health Order industry listings in recognition that industries permitted to remain open may also experience significant business disruption due to the broader public restrictions that limit where people can gather in numbers and/or come into close contact.
6.4 Small businesses not included in Attachment A can still apply for assistance and will be required to show evidence of a decline in turnover of 75 per cent compared to the equivalent period (of at least two weeks) in 2019.
7.1 Applicants are able to apply for assistance under the scheme where they are a small business owner.
7.2 Applicants will be required to provide supporting documentation at the time of application.
7.3 Applicants must retain for five years all tax invoices, official receipts, bank statements, quotations or other similar records that show grant monies have been used for unavoidable business costs and comply with these Guidelines.
7.4 Applicants must consent to the administering agency conducting an audit of documentation used to support an application to verify information provided.
7.5 If information in the application is found to be untrue or misleading, the matter may be referred to NSW Police and criminal penalties may apply.
Administrating Agency means the responsible agency/department/body for assessing and/or administrating the grant package including any applications.
Full-time employment means an individual who ordinarily works for at least 35 hours each week for the small business.
Employee means an individual employed by the business and included in the payroll
Highly impacted means the list in Attachment A and other industries assessed by the administrating agency as meeting the eligibility criteria.
Non-employing business means a business owner who does not have employees.
Non-profit organisation means an incorporated charity or non-profit entity which is registered with the Australian Charities and Not-for-profits Commission (ACNC) or an equivalent NSW regulatory body.
Public company means a public company within the meaning of the Corporations Act 2001.
Small Business is a business that:
Small business owner is a sole trader, partnership, private company or trust that carries on a small business.
Unavoidable expenses are costs that will not be eliminated if a small business is closed. For example, utility expenses, Council rates, insurance payments or wages for employees not eligible for the Commonwealth JobKeeker Payment Program.
Turnover is the total ordinary income derived in the ordinary course of running a small business typically measured on an annual basis.
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