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With uncertain times dawning again on us and our clients, we are here to provide you with proactive support and guidance, so you can take benefit of any government support available.

NSW Covid-19 Business Grant

Details of NSW Covid-19 Business Grant were released by Service NSW late in the evening on Saturday 17th July 2021. We have worked through the eligibility criteria and prepared a downloadable GUIDE for you. It is important for you to review all details, since the process can be tedious and subject to subsequent audits.

In brief, three different grant amounts will be available depending on the decline in turnover experienced during the restrictions:

  • $7,500 for a decline of 30% or more
  • $10,500 for a decline of 50% or more
  • $15,000 for a decline of 70% or more

These grants are designed to help businesses impacted by lockdown to cover their business expenses for the first 3 weeks of lockdown. 

Job Saver Scheme - NSW Small and Medium Business Support Payments 

From week 4 (starting 19th July 2021), a new grant, called Job Saver Scheme will come into effect.  Click here for a downloadable GUIDE prepared for you, however please note details of this grant are still awaited.

How to apply for NSW Covid-19 Business Grant

This grant will be processed by Service NSW and hence will need to be applied by business owners, and not their tax agents. Details of the process are explained in our downloadable Guide.

Critically though, we understand that the details you put in as part of your registration and application will be cross checked with details in Australian Business Register (ABR) managed by ATO. This is where we can help you. In order to ensure your records in ABR are complete and accurate we recommend that you send us updated details by copying the below table into an email, completing the details, and emailing to admin@mgarthur.com.au (copy to clientservice@mgarthur.com.au and your usual contact in our office).

 

Please delete comments below as you update your information

Entity Name

<Specify all entities, if you more than one>

Name of the person who will be making the application (contact person)

<This would usually be the business owner or director>

Address of the business

<This should be address of your business location>

Address of the contact person

<While we would have your address on file, best for you to provide this detail here so we are accurate>

Phone number and email of the contact person

 

Your Industry Category and ANZSIC code

<This code is used by ABR to record the industry you operate in. This information is critical if you believe your business has been highly impacted by lockdown. Please refer to Attachment A and advise if any of the listed Industry category and ANZSIC code apply to you. If they don't, please provide us with a short description of your business activity so we can appropriately check and update your details on ABR.

Are there any costs involved for the above exercise?

While we expect to be inundated with the above requests in the next few days, and will be required to divert a substantial portion of our resources to this activity, we are happy to provide the above service free of cost. This is our gesture to support you when you need us the most.

There would be other requirements though, including assessing your turnover drop and preparing accountant letter (if required by Service NSW) which may incur an appropriate charge.

TIP ! When Should You Make This Claim?

While you can make this claim from 19th July 2021, we recommend that you review your decline in turnover in next two weeks, ie. if it is going to be higher than in the last two weeks. Please remember, the test is decline in turnover for any 2 weeks from 26th June 2021 to 26th July 2021 and this application can be made anytime from 19th June 2021 up until 11.59pm on 13th September 2021.