By Oct 13, 2021 News Tax Advice & Planning

As NSW reopens, the NSW COVID-19 financial support packages have been expanded to support businesses further.

JobSaver

Payments extended to 30 November 2021

The government will taper payments in line with the easing of restrictions. When NSW reaches:

  • 70% double vaccination, payments will reduce from 40% of weekly payroll to 30% 
  • 80% double vaccination, payments will reduce from 30% of weekly payroll to 15%. 

JobSaver is now available for charitable not-for-profits (NFPs)

Eligible NFPs can apply for JobSaver if they have experienced a turnover decline of at least 15% and less than 30% because of the public health orders.

Applications close 18 October 2021

If you haven’t already applied and your business is eligible, please submit your application now. Apply for JobSaver

 

Micro-business grant

Payments extended to 30 November 2021

When NSW reaches 80% double vaccination, payment will reduce from $1500 to $750 per fortnight. 

Applications close 18 October 2021 

If you haven’t already applied and your business is eligible, please submit your application now. Apply for micro-business 

 

Hardship Review Panel for JobSaver

Suppose your business or eligible NFP is experiencing financial hardship and is not eligible for the 2021 JobSaver payment or had previous applications rejected. In that case, you can request to have your application reviewed by the Hardship Review Panel.

If your business meets the eligibility criteria, request a call back from a Service NSW Business Concierge.

They will check your eligibility to apply for hardship review before you submit your application.

Applications for hardship reviews for the business grant and the micro-business grant will be available from Tuesday 19 October. Request a call back

 

2021 COVID-19 business grant now closed

Applications for the 2021 COVID-19 Business Grant closed on 1 October 2021.

More than $2.2b was paid to over 174,000 businesses that experienced reduced demand or had to close for the first three weeks of the restrictions (26 June to 17 July 2021).

Applications in progress will still be processed.

If your business still requires financial support, your business may be eligible to apply for either the JobSaver payment or Micro-business grant.

Service NSW can help with COVID recovery.

Get free personalised support for your business from a Service NSW Business Concierge by calling 13 77 88

Request a call back


References: NSW Government, Level 19, 2-24 Rawson Place, Sydney, NSW 2000

At Keeping Company, we’re not just accountants, we’re business people too. With our counsel, your business can reach its full potential. 

We have a team of experts; Cloud Accountants, Business Advisors, Finance Specialists working together and ready to help, contact us today.

1300 533 787

service@keepingcompany.com.au

 

For all media enquires please contact Tracy Miller, CMO, Keeping Company 0414 898 452.

The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained. 

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