COVID-19 Support Packages

 
The Federal and State Governments recently announced support measures for businesses, landlords and individuals impacted by the recent COVID-19 restrictions and stay-at-home orders. The following is an interim summary of those measures based on information currently available.

Please monitor Service NSW updates for further details regarding eligibility. If you require assistance in determining your eligibility, our team are willing to assist once full eligibility details have been released later in July.

Please click on the following topic of interest to learn more:

Businesses
Individuals
Businesses

Small Business COVID-19 Support Grants

This schemes applies to all affected businesses that:
  • have an ABN;
  • have turnover of more than $75,000;
  • have annual wages up to $10 million; and
  • cannot claim the applicable business costs under other schemes.
Businesses that qualify for the support grants can receive:
  • $15,000 for a decline in turnover of 70%, or more;
  • $10,500 for a decline in turnover of 50%, or more;
  • $7,500 for a decline in turnover of 30%, or more.
How to Claim
Businesses will be able to apply for the grants via their MyServiceNSW Account later in July.

Further Details
For further details, please refer to the following link https://www.service.nsw.gov.au/transaction/2021-covid-19-business-grant
 

Job Saver

Eligible entities (including not for profits) will receive 40% of their NSW payroll payments, at a minimum of $1,500 and a maximum of $10,000 per week. To qualify, the entity:
  • must have had a decline in turnover of at least 30% compared with an equivalent two week period in 2019;
  • will have an annual turnover between $75,000 and $50 million; and
  • is required to maintain their full time, part time and long-term casual staffing level as of 13 July 2021.
For non-employing businesses, such as sole traders, the payment will be set at $1,000 per week.

How to Claim
Businesses will be able to apply for the grants through their MyServiceNSW Account later in July.

Further Details
For further details, please refer to the following link https://www.nsw.gov.au/covid-19/2021-covid-19-support-package#job-saver

Micro Businesses
Grants will be available for micro businesses with a turnover of between $30,000 and $75,000 which experience a decline in turnover of 30%. The businesses will be eligible for a $1,500 payment per fortnight of restrictions.

How to Claim
Businesses will be able to apply for the grants through their MyServiceNSW Account later in July.

Further Details
For further details, please refer to the following link https://www.nsw.gov.au/covid-19/2021-covid-19-support-package#job-saver
 

Payroll Tax Waivers

Waivers of 25% of the NSW 2021-22 payroll tax liability will be available for businesses with Australian wages of between $1.2 million and $10 million that have experienced a 30% decline in turnover. This measure will be similar to the one that applied in March to June 2020.
Payroll tax deferrals and interest free repayment plans will also be available.

How to Claim
Concessions will be applied when completing the 2021 Annual Reconciliation.

Further Details
For further details, please refer to the following link https://www.revenue.nsw.gov.au/taxes-duties-levies-royalties/payroll-tax


Small Business Fees and Charges Rebate

A rebate of up to $1,500 is still available for small businesses that have total Australian wages below $1.2 million. The rebate covers all NSW Government charges and fees including local council rates and charges related to the cost of doing business (but not taxes).

How to Claim
Businesses are able to apply for the grants through their MyServiceNSW Account.

Further Details
For further details, please refer to the following link https://www.service.nsw.gov.au/small-business-fees-and-charges-rebate
 
Individuals

COVID-19 Disaster Payment

Employees whose hours of work are reduced due to restrictions on movement relating to a compulsory lockdown will be entitled to taxable COVID-19 Disaster Payments. This weekly payment will vary depending on the number of hours lost and the length of the lockdown as shown in the table below:
 
Hours of work lost 20 or less    20 or more 
Weekly payment – weeks 2 – 3      $325  $500
 
Hours of work lost  8 to less than 20   20 or more
Weekly payment – from week 4  $375  $600
 
How to Claim
Claims are made by accessing Centrelink Online Accounts via MyGov.

Further Details
For further details, including the full eligibility criteria, please refer to the following link
COVID-19 Disaster Payment - How much you can get - Services Australia


Pandemic Leave Disaster Payment

A taxable lump sum payment of $1,500 is available to individuals who cannot work due to self-isolation or quarantine obligations relating to COVID-19 restrictions. This lump sum payment is available for each compulsory 14-day period of self-isolation or quarantine.

How to Claim
The easiest way to claim is by calling Services Australia on 180 22 66.

Further Details
For further details, including the full eligibility criteria, please refer to the following link
Pandemic Leave Disaster Payment - New South Wales - Services Australia


Dine & Discover NSW

The Dine & Discover NSW program has been extended to 31 August 2021 to give people across NSW the time to use their Dine & Discover NSW Vouchers and support local businesses once restrictions ease.

How to Claim
Vouchers are accessible via the following link: Apply for Dine & Discover NSW Vouchers | Service NSW

Further Details
For further details, please refer to the following link Dine & Discover NSW | Service NSW
 

Land Tax Relief

Land tax relief is available equal to the value of rent reductions provided by commercial, retail and residential landlords to financially distressed tenants, up to 100% of the 2021 land tax year liability.

How to Claim
Applications will be made available via Services NSW at a later date.

Further Details
For further details, including the full eligibility criteria, please refer to the following link https://www.revenue.nsw.gov.au/news-media-releases/covid-19-tax-relief-measures/2021-land-tax-covid-19-relief-guidelines-jul-dec


Residential Landlords

Where residential landlords, who do not pay land tax, have reduced rent for tenants in financial distress they will be entitled to a capped grant of up to $1,500.

How to Claim
Information regarding claims is yet to be released.

Further Details
For further details, please refer to the following link https://www.nsw.gov.au/covid-19/2021-covid-19-support-package


What Should You Do

To assist in avoiding any delays in accessing the measures above, we recommend that you undertake the following
  1. if you don't have one, create a MyServiceNSW Account and business profile;
  2. ensure your personal, contact and business details are up-to-date in your MyServiceNSW Account and your business profile; and
  3. registerer your interest via the following link so that you will be notified once applications are open: https://www.service.nsw.gov.au/covid-19-business-support-2021
Should you have any questions, please contact our team now.


HC PARTNERS COVID-19 POLICY

For further details on any of the above, please contact us.



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