Support for NSW Small Business
The package includes grants for small businesses and changes to Dine & Discover
The NSW Government has announced a financial support package and changes to the Dine & Discover program to assist NSW small businesses impacted by the current COVID-19 restrictions.
The package includes grants of between $5,000 and $10,000 for small businesses, payroll tax deferrals for all employers, an extension of the Dine & Discover program to 31 August.
To be eligible for the grants businesses will need to show a decline in turnover across a minimum two-week period after the commencement of major restrictions on June 26.
NSW Small Business Commissioner Chris Lamont thanked businesses and industry groups for their support and input to the package.
“I have spoken with many small businesses and their representatives over the past few days and their insights and experience have been crucial,” Mr Lamont said.
The grants will be divided into two streams:
1. Small Business COVID-19 Support Grant. Available to businesses and sole traders with a turnover of more than $75,000 per annum but below the NSW Government 2020-21 payroll tax threshold of $1,200,000 as at 1 July 2020.
These businesses must have fewer than 20 full time equivalent employees and an Australian Business Number (ABN) registered in New South Wales or be able to demonstrate they are physically located and primarily operating in New South Wales. (Full criteria will be available in coming days on the Service NSW website).
2. Hospitality and Tourism COVID-19 Support Grant. Available to tourism or hospitality businesses that have a turnover of more than $75,000 and an annual Australian wages bill of below $10 million, as at 1 July 2020.
These business must have an Australian Business Number (ABN) registered in New South Wales or be able to demonstrate they are physically located and primarily operating in New South Wales. (Full criteria will be available in coming days on the Service NSW website).
Other key elements of the package include:
- Dine & Discover vouchers will be able to be used for takeaway from eligible and registered Dine businesses during the restriction period. Dine & Discover vouchers cannot be redeemed for takeaway using third party delivery platforms.
- A further one-month extension of Dine & Discover vouchers until 31 August 2021 to allow people more time to use them.
- An optional deferral of payroll tax payments due in July 2021 and the deferral of hotel June quarter gaming machine tax, with the Chief Commissioner of State Revenue able to provide for appropriate repayment arrangements on a case by case basis.
More information on the small business support grants and changes to the Dine & Discover program will be available shortly on the Service NSW website.