22 Jul COVID 19 Government payments for NSW
SUPPORT FOR BUSINESSES
There are three business assistance programs being made available, and while some are jointly funded by the Commonwealth, all are administered by the NSW Government, and NOT by the ATO.
The three programs are:
- Once off payment of up to $15k
- “Saving jobs” payment of 40% of payroll, up to $10k per week, from week 4 of lockdown – lockdown started 6:00pm Saturday 26th June, week 4 begins 6:00pm Saturday 24th July.
- Micro business grants of $1,500/fortnight for sole traders with a T/O of between $30k and $75k, to start from late July 2021 (whatever that means).
All programs require a reduction in turnover, however how this is to be measured is still being developed.
ONCE OFF PAYMENT
The once off payment (called 2021 COVID-19 business grant) of up to $15k is to be measured using a reduction in turnover caused by the lockdowns. How this is to be measured is still being defined. See https://www.service.nsw.gov.au/transaction/2021-covid-19-business-grant
Registrations for this payment are open from 19th July.
There are three payment and decline in turnover levels:
$7,500 for a decline of turnover of 30% or more
$10,500 for a decline of turnover of 50% or more
$15,000 for a decline of turnover of 70% or more
You should reach out to your accountant to help you determine if you qualify.
WEEKLY “SAVING JOBS” PAYMENT
The saving jobs payment of up to $10k is for NSW business with a turnover of between $75k and $50m. It is to be based on a reduction in turnover of at least 30% compared to an equivalent 2 week period in 2019
To qualify, you must maintain employment at the same level as 13/7/2021.
Sole traders also qualify for this grant, although only for a payment of $1k per week.
MICRO BUSINESS PAYMENT
The micro business grant of $1,500/fortnight is also based on a reduction of turnover of 30%.
STANDING DOWN EMPLOYEES
There are a number of reasons, such as when a business has closed due to a Govt direction, when employees can be stood down.
Further details about standing down employees are available here https://coronavirus.fairwork.gov.au/coronavirus-and-australian-workplace-laws/pay-leave-and-stand-downs/stand-downs
SUPPORT FOR INDIVIDUALS
A COVID-19 Disaster Payment is available to individuals in a COVID-19 Commonwealth Declared Hotspot.
Details of the LGA’s declared hotspots and how to claim are here https://www.servicesaustralia.gov.au/individuals/services/centrelink/covid-19-disaster-payment/who-can-get-it/nsw-eligibility-rules/greater-sydney
A disaster payment is available after 7 days of a lockdown – $500/week if a person has lost 20hrs/week of work, $325/week if a person has lost between 8 & 20 hours per week. From week 4 of the lockdown, the disaster payment increases to $600 and $375 respectively.
There are general eligibility rules available here https://www.servicesaustralia.gov.au/individuals/services/centrelink/covid-19-disaster-payment/who-can-get-it/general-eligibility-rules
NOTE: the rules about not having “appropriate” paid leave entitlements available after the waiting period of the first 7 days of the lockdown, and the rule about not having liquid assets of >$10km if claiming in the first two weeks of the lockdown. Once in the third week of the lockdown, the $10k liquid assets rule does not apply.
ELIGIBILITY IN SYDNEY LGA’s FROM JUNE 2021
The details and how to claim (web links) are here https://www.servicesaustralia.gov.au/individuals/services/centrelink/covid-19-disaster-payment/who-can-get-it/nsw-eligibility-rules/parts-sydney
ELIGIBILITY IN GREATER SYDNEY LGA’s FROM JUNE 2021
The details and how to claim (web links) are here https://www.servicesaustralia.gov.au/individuals/services/centrelink/covid-19-disaster-payment/who-can-get-it/nsw-eligibility-rules/greater-sydney
Each person needs to make their own claim.
Three claims must be made if the person meets the loss of work test for the particular period:
For the period from:
04/07/2021 – 10/07/2021 :: Claim must be made by 31/07/2021
11/07/2021 – 17/07/2021 :: Claim must be made by 07/08/2021
18/07/2021 – 24/07/2021 :: Claim must be made by 14/08/2021
25/07/2021 – 30/07/2021 :: Claim must be made between 25/07/2021 and 21/08/2021
A myGOV account is required to make a claim.