COVID Support during lockdown
The NSW Government has recently announced an extension of financial support available as a result of the current Covid lockdowns. It has been a frantic few weeks with the latest range of programs and schemes introduced to assist businesses of all sizes during a difficult period. With the extension of the Greater Sydney lockdown to the end of August, further amendments and changes are inevitable. We will endeavour to keep you up to date.
Below are a couple of links outlining what is currently available.
www.service.nsw.gov.au/covid-19
www.service.nsw.gov.au/covid-19-business-support-2021
All of the programs mentioned below need to be accessed by the relevant individual or business directly via their Service NSW account. We can provide assistance with letters and various correspondence regarding turnover changes, however the application process will need to be managed by the individual.
For assistance please contact MBC Group Services on 6362 0988 or email us at mbco@mbco.com.au
COVID-19 Grants
Business
A one-off payment to help businesses, sole traders or not-for-profit organisations impacted by the current Greater Sydney COVID-19 restrictions. Grants between $7,500 and $15,000 are available to eligible businesses depending on the decline in turnover experienced during the restrictions.
Decline in Turnover Dates were updated a few days after the grant information was sent out. Please note decline in turnover dates are 26 June 2021 – 17 July 2021 for most businesses in NSW.
Contact Service NSW on 13 77 88.
NSW Business Grants – Apply Here
Individuals
If you are not eligible for any of the business support packages, there is support available via the Federal Government’s Covid Disaster Payment. This support is administered through Centrelink.
Individual – Covid Disaster Payment
JobSaver Program
If you’re a business, sole trader or not-for-profit organisation in NSW and you’ve been impacted by the recent COVID-19 restrictions, you may be eligible for the 2021 COVID-19 JobSaver payment.
JobSaver will provide cash flow support to impacted businesses to help maintain their NSW employee headcount as it stood on 13 July 2021. Eligible businesses and not-for-profit organisations with employees will receive fortnightly payments backdated to cover costs incurred from week 4 of the Greater Sydney lockdown (from 18 July 2021 onwards).
JobSaver payments are available to businesses with an annual turnover of between $75,000 and $250 million, up from $50 million, which have experienced a revenue decline of 30% or more. The maximum weekly payment has been raised from $10,000 to $100,000, making it more scalable for people and capital-intensive businesses.
Things to note:
- Each ABN can apply for JobSaver only once.
- Separate businesses under one ABN will not be eligible separately.
- Employees can receive Commonwealth COVID-19 Disaster Payments if their employer is receiving JobSaver.
- If you’re a non-employing business, such as a sole trader, you may be eligible to receive a payment of $1,000 per week (only if you are not receiving the COVID-19 Disaster Payments from 18 July 2021).
JobSaver Program – Apply Here
Applications will close on 18 October 2021.
What can I Claim?
Service NSW have developed a questionnaire which may help determine what you may be eligible for.
Covid-19 Assistance Finder
