NSW COVID Assistance – What’s Available For You & Your Business

Updated: Sep 16


The NSW and Federal Governments have packages to financially support individuals and businesses through the COVID lockdown, currently extended to Thursday 30 September 2021.


There is a broad range of assistance available for you, either as a business owner, employer, employee, landlord, tenant or COVID patient.


For a quick review, click the PDF Matrix:


Sullivan Dewing Matrix of Covid-19 Grants - updated 140921
.pdf
Download PDF • 361KB

For more detailed information read on:


COVID-19 Business Support Package

Who is Eligible?

  • Businesses, Sole Traders & Not For Profit Organisations

  • Turnover > $75K & < $50M at 30.6.20

  • Total annual Australian wages < $10M at 1.7.20

  • ABN registered in NSW OR

  • Demonstrate located or operating in NSW

  • Trading for > 12 months

  • Maintain your employee headcount as at 13.7.21 - for full time, part time & casuals > 12 months

  • Experienced a decline > 30% over a minimum 2 week period between 26.6.21 to 17.7.21 compared to the same period in 2019 or the same period in 2020 or the same 2 week period immediately before lockdown - 11.6.21 to 25.6.21

  • Turnover decline is tested on your BAS registration basis, cash or accruals, you cannot choose

What is the Support?

  • $7,500 for a > 30% decline in turnover

  • $10,500 for a > 50% decline in turnover

  • $15,000 for a > 70% decline in turnover

  • One-off payment

  • Tax Free

How & When to Get It?

  • Apply through Service NSW

  • Apply from 19.7.21 through to midnight 13.9.21

  • Letter from a qualified accountant, registered tax agent or registered BAS agent confirming decline in turnover - where required

  • Need your 2020 tax return

Micro Business Grant

Who is Eligible?

  • Businesses & Sole Traders

  • On 1.6.21 be ABN registered in NSW OR

  • Demonstrate your business was operating in NSW as at 1.6.21

  • Have had aggregated annual turnover >$30K and <$75K for FY20

  • This is business income as per your tax return

  • Have this business as your primary income source

  • Maintain your employee headcount as at 13.7.21 - for full time, part time & casuals > 12 months

  • Have had a decline in turnover of at least 30% over a minimum 2-week period from 26.6.21 to 28.8.21, compared to the same period in 2019 or the same period in 2020 or the same the 2 week period immediately before lockdown - 11.6.21 to 25.6.21

  • You must not have applied for the COVID Business Grant or JobSaver payment

  • Sole traders are NOT eligible for this grant if anyone associated with the business has received the Commonwealth COVID Disaster Payment

  • Sole traders (no employees) must show business income as the primary income source for the associated person

  • If you have more than one business under an ABN, you can only claim for once, businesses with separate ABNs can claim per ABN

What is the Support?

  • $1,500 per fortnight for a > 30% decline in turnover

  • Backdated to 26.6.21

  • Ongoing Payment

  • Tax Free

How & When to Get It?

  • Apply through Service NSW

  • Apply from 26.7.21 through to midnight 18.10.21

  • You will need to apply:

  • a MyServiceNSW Account

  • your proof of identity

  • your valid ABN

  • your business banking details for payment

  • evidence of your annual turnover and loss of income

  • Australian income tax return or Notice of Assessment to confirm revenue at 30.6.20

  • Letter from a qualified accountant, registered tax agent or registered BAS agent confirming decline in turnover - where required

NSW Hospitality & Tourism Support Grant

Who is Eligible?

  • Businesses & Sole Traders

  • Turnover > $75K for year ended 30.6.20

  • Have an ANZIC code classifying you as tourism or hospitality

  • Total annual Australian wages < $10M at 1.7.20

  • ABN registered in NSW OR

  • Demonstrate located or operating in NSW

  • Have not applied for the 2021 Business Support Grant above

  • Have incurred business costs for which no other grant is available

What is the Support?

  • $7,500 for a > 30% decline in turnover

  • $10,500 for a > 50% decline in turnover

  • $15,000 for a > 70% decline in turnover

  • One-off payment

  • Tax Free

How & When to Get It?

  • Apply through Service NSW

  • Apply from 19.7.21

  • Letter from a qualified accountant, registered tax agent or registered BAS agent confirming decline in turnover - where required

Business Support Payment - JobSaver

Who is Eligible?

  • Businesses, Sole Traders & Not For Profit Organisations

  • Employers and non-employers

  • Aggregated annual turnover between $75K & $50M (inclusive) for the year ended 30.6.20

  • This is business income as per your tax return

  • On 1.6.21 be ABN registered and were operating in NSW

  • Maintain your employee headcount as at 13 July 2021 - full time, part time & casuals > 12 months

  • Have had a decline in turnover of at least 30% over a minimum 2-week period from 26.6.21 to 28.8.21, compared to the same period in 2019 or the same period in 2020 or the 2 week period immediately before lockdown - 11.6.21 to 25.6.21

  • Turnover decline is tested on your BAS registration basis, cash or accruals, you cannot choose- Sole traders (no employees) must show business income as the primary income source for the associated person

  • If you have more than one business under an ABN, you can only claim for one, businesses with separate ABNs can claim per ABN

What is the Support?

  • When turnover is 30% lower than equivalent 2 week period

  • Receive 40% of weekly payroll for work performed in NSW

  • Minimum $1,500, maximum $100,000 per week

  • Eligible businesses with employees will receive fortnightly payments backdated to 18th July 2021 (week 4 of the Greater Sydney lockdown)

  • $1,000 per week for businesses without employees

  • Weekly payroll will be based on the most recent BAS lodged with the ATO before 26 June 2021 for FY21.

  • Ongoing Payment

  • Tax Free

How & When to Get It?

  • Apply through Service NSW

  • Apply from 26.7.21 through to midnight 18.10.21

  • You will need to apply:

  • a MyServiceNSW Account

  • your proof of identity

  • your valid ABN

  • your business banking details for payment

  • evidence of your annual turnover and loss of income

  • Australian income tax return or Notice of Assessment to confirm revenue at 30.6.20

  • Letter from a qualified accountant, registered tax agent or registered BAS agent confirming decline in turnover - where required

COVID-19 Disaster Payment

Who is Eligible?

  • Individuals living in NSW

  • Individuals who have lost > 8hours or a full day's work a week

  • Employees

What is the Support?

  • Lost 8 - 20 hours $450/week (was $375)

  • Lost > 20 hours $750/week (was $600)

  • Ongoing Payment

  • Not Taxable

How & When to Get It?

  • Apply through Services Australia

  • Individual eligibility criteria apply

  • Need a myGov & Centrelink account linked

Pandemic Leave Disaster Payment

Who is Eligible?

  • If NSW Health has told you to self-isolate or quarantine for 14 days

  • You have COVID-19

  • You are a close contact of someone with COVID-19

  • You are caring for someone with COVID-19

  • You are over 17 years old

  • You have no leave entitlements

What is the Support?

  • $1,500 for each 14 day period of isolation

  • One-off payment

  • Taxable

How & When to Get It?

  • Apply through Services Australia

  • Individual eligibility criteria apply

  • Need a myGov & Centrelink account linked

ATO Support

Who is Eligible?

  • Businesses receiving NSW COVID Grants

  • Business who can't pay their taxes

What is the Support?

  • NSW COVID business grants will be tax exempt

  • NSW taxpayers will receive reduced ATO payment plans

  • NSW taxpayers will have no interest charged on late payment

  • NSW taxpayers will be able to vary instalments with no penalty

How & When to Get It?

  • Talk to us for any help you need in this area

Payroll Tax Relief

Who is Eligible?

  • Businesses liable for payroll tax and eligible for a 2021 COVID-19 Business Grant or JobSaver whose total grouped Australian wages for the 2021/22 financial year are $10 million or less who have experienced a 30% decline in turnover

  • ALL Payroll tax businesses

What is the Support?

  • Annual tax liability will be reduced by 50%

  • Businesses have the option of deferring monthly payments for the July to December 2021 return periods until 14 January 2022

How & When to Get It?

  • More information on this 50% reduction will be provided when the 2021/22 annual reconciliation becomes available

  • All businesses are still required to lodge the 2020/21 annual reconciliation by the due date extended to 14 January 2022

  • After lodging their 2021 annual reconciliation, businesses will have the option of paying the outstanding liability in full or entering a new Support Payment Arrangement

  • If businesses choose to enter into a 2021 Support Payment Arrangement, they will have the option to include tax payable from the 2020/21 annual reconciliation and any monthly liabilities for the July to December 2021 return periods

  • More information on how to establish a 2021 Support Payment Arrangement will be provided in November 2021

Commercial Landlord Support

Who is Eligible?

  • Tenants must have an annual turnover of <$50M

  • Tenants must be eligible for either of the Micro-Business COVID-19 Support Grant, the COVID-19 NSW Business Grant, or the JobSaver Scheme

  • For landlords with tenants in financial distress

What is the Support?

  • Landlords with commercial properties may be eligible for a land tax concession, or a grant, if they provide rent reductions to their tenants

  • $3,000 grant to commercial or retail landowners for rental waivers of at least the value of the grant and any land tax relief they are eligible for

  • Landlords must provide at least that much rental relief

  • Landlords are required to provide rent relief in proportion to the tenant’s decline in turnover

  • Of the rent relief provided, 50% must be a Waiver and 50% a Deferral

How & When to Get It?

  • Available for rent reductions made from 1 July 2021 until 31 December 2021

  • For more information and to apply for Land Tax Relief, visit Service NSW

  • For more information and to apply for $3,000 Grant, visit Small Business NSW

  • Grant details not finalised

Residential Tenant Support

Who is Eligible?

  • For landlords with tenants in financial distress

  • Tenants in financial distress

  • Landlords with tenants who have lost 25% or more of their household income, and rent reductions were made on or after 14 July 2021

What is the Support?

  • Eviction Moratorium for Residential Tenants in place until 31 December 2021

  • $3,000 grant to residential landowners for rent reductions provided to tenants, OR concession of up to 100% of 2021 land tax

How & When to Get It?

  • For more information and to apply, visit Fair Trading

  • To be eligible for the land tax reduction, visit Service NSW


As always if you need any assistance please do not hesitate to get in touch with one of the team at Sullivan Dewing!



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