The Small Business Recovery Grant provides small businesses and not-for-profit organisations who have experienced a decline in turnover as a result of COVID-19 with a grant of up to $3,000.
KEY TAKE OUTS
Applications for the Small Business Recovery Grant closes at 11.59 on Monday 31 August 2020.
This grant can be used to cover expenses that will allow businesses and not-for-profits safely relaunch their operations. The grant can be issued for the following expenses:
- Fit-out changes and temporary physical changes such as plastic barriers at checkouts;
- Staff training and counselling;
- Business advice and continuity planning;
- Cleaning products and additional cleaning services;
- Additional equipment necessary to comply with social distancing;
- Marketing, communications and advertising;
- Digital solutions such as e-commerce.
This grant can only be used for purchases of eligible expenses made from 1 July 2020, and only where no other government support is available.
Eligibility criteria for the grant
To be eligible for this grant, you must as at 1 March 2020:
- be a small business or a not-for-profit organisation;
- have an ABN registered in NSW;
- have an annual turnover of more than $75,000 (a Business Activity Statement must be provided as evidence);
- employ less than 20 full-time equivalent staff;
- be able to report a payroll below the NSW 2019-2020 payroll tax threshold of $900,000;
- be in a highly impacted industry by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020;
- have experienced at least 30% decline in turnover from March to July 2020 compared to the equivalent period (of at least 2 weeks) in 2019;
- have costs associated with safely reopening or up-scaling the business from 1 July 2020.
How to apply?
Small business and not-for-profits can apply for the land tax relief through the Service NSW website.
ABOUT CHRISTINE GUIRGUIS:
Christine Guirguis is a Senior Lawyer within our commercial and dispute resolution team. She has experience in acting for small to medium sized businesses and individuals in a range of commercial areas including employment, leases, shareholding, construction law, dispute resolution, and commercial litigation.
Christine is committed to providing her clients with accurate and objective advice in plain English, ensuring that her clients have a clear understanding of their legal entitlements and are able to make well-informed decisions.
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