NSW 2021 COVID-19 Three types of Financial Support for Businesses
NSW 2021 COVID-19 Business Grant
A one-off Tax Free payment to help businesses, sole traders or not-for-profit organisations impacted by the current Greater Sydney COVID-19 restrictions.
Grants between $7,500 and $15,000 are available to eligible businesses depending on the decline in turnover experienced during the first 3 weeks of COVID-19 restrictions (26 June to 17 July 2021).
Covid-19 Micro-business Grants
A fortnightly payment for businesses with a turnover between $30,000 and $75,000.
How much
- $1,500 per fortnight
Eligibility
- A turnover between $30,000 and $75,000
- A revenue decline of 30% or more
- Businesses that provide the primary income source for a persion associated with the business.
JobSaver Payment
Fortnightly payments to help maintain employee headcount (as at 13 July) and provide cash flow support to businesses for costs incurred from week 4 of the COVID-19 restrictions (18 July 2021 onwards).
How much
- Employing businesses: 40% of weekly payroll, with a minimum payment of $1,500 per week and a maximum payment of $100,000 per week.
- Non-employing business: $1,000 per week.
Eligibility
- A revenue decline of 30% of more
- Turnover between $75,000 and $50 million.