The 2021 COVID-19 business grant will be open to NSW businesses which have less than $10 million in total wages and aggregated annual turnover between $75,000 and $50 million for the year ended 30 June 2020. The intention of the Grant is to help businesses survive the lockdown so they can continue to support employment and the economy after restrictions are lifted.

Applications will open on 19 July 2021 and close at 11:59pm on 13 September 2021.

Businesses that received previous COVID-19 small business grants, including the 2020 Small Business COVID-19 Support and Small Business Recovery grants, can apply for this Grant. However, non-employing businesses are not eligible to apply if persons associated with the business, and who derive income from it, have applied for, or are receiving, the Commonwealth COVID-19 Disaster Payment.

Available funding

Eligible businesses (including non-employing businesses such as non-employing sole traders) and not-for-profit organisations can apply for a one-off grant of $7,500 (tier one), $10,500 (tier two) or $15,000 (tier 3) via one application:

  • $7,500 (tier one): Businesses that have experienced a decline in turnover of 30% or more due to the Public Health Orders will be eligible for a grant of $7,500.
  • $10,500 (tier two): Businesses that have experienced a decline in turnover of 50% or more due to the Public Health Orders will be eligible for a grant of $10,500.
  • $15,000 (tier three): Businesses that have experienced a decline in turnover of 70% or more due to the Public Health Orders will be eligible for a grant of $15,000.

Note: Eligible businesses may only receive one grant tier and only one grant is available for a single ABN.

Eligibility

To be eligible, a business must:

  • have an Australian Business Number (ABN) and be operating in New South Wales as at 1 June 2021;
  • have total annual Australian wages of $10 million or less as at 1 July 2020;
  • had an aggregated annual turnover between $75,000 and $50 million (inclusive) for the year ended 30 June 2020;
  • have business costs for which there is no other government support available;
  • maintain their employee headcount as at 13 July 2021 for the period for which the business is receiving payments under this Grant and the JobSaver scheme;
  • must experience a decline in turnover over a minimum 2-week period from 26 June 2021 to 17 July 2021, compared to the same period in 2019:
    • $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.
      • for Southern Border businesses the turnover period is from 27 May 2021 to 17 July 2021 compared to the same period in May and/or June and/or July 2019.

Evidence in support of eligibility

If your business is on the highly impacted industries list, you will be required to:

  • declare that you experienced a decline in turnover as outlined above based on different tiers;
  • declare that you have eligible expenses for which there is no other support available. You will not be required to provide evidence of costs on application (e.g. invoices) but will need to keep evidence of costs for a possible future audit;
  • declare your employee headcount at 13 July 2021;
  • declare you will maintain your employee headcount as at 13 July 2021 for the period for which the business is receiving payments under this Grant and the JobSaver scheme;
  • provide details of your qualified accountant, registered tax agent or registered BAS agent for possible compliance checking;
  • submit an Australian Income Tax Return (or Notice of Assessment) or other documentation to demonstrate your business had an aggregated annual turnover of between $75,000 and $50 million (inclusive) for the year ended 30 June 2020; and
  • lodge other supporting documents as required to demonstrate that you meet the eligibility criteria.

If your business is not on the highly impacted industries list, in addition to the evidence requirements outlined above, you will need to:

  • Submit a letter from a qualified accountant, registered tax agent or registered BAS agent, to demonstrate that you experienced a decline in turnover over a minimum 2-week period within the Greater Sydney lockdown (commenced 26 June) compared to the same period in 2019.

How to apply

Details of The Grant can be accessed here.                                                 

The application can be lodged online through Service NSW website. Or if you are not able to apply online, you can call 13 77 88.

If you would like any further information or assistance with 2021 Covid-19 Business Grant please contact us on 1300 885 761.