We have heard from many of you about how expensive it is trying to pay rent and keep your employees paid, through this lockdown. We want you to know that we have some mental health resources available to you, as well as a concierge service where someone can talk with you and connect you with some people and resources to help get through this very challenging time.
What Support Do You Qualify For?
That depends on the size and type of your business.
Businesses with a turnover of between $30k and $75k
If you experience a decline in turnover of 30% or more, you will be eligible for a $1.5k payment per fortnight of restrictions. See 'new grants program for micro businesses' on Service NSW for how to apply.
Businesses with a turnover of more than $75k If you experience a decline in turnover of 30% or more, you may be eligible for a grant of $7.5k - $15k payment cover the first three-weeks of restrictions. See 'business grants program' on Service NSW for how to apply.
There is also a new scheme to provide cash flow support to businesses. Businesses with no employees could receive up to $1,000 per week.
If you have employees
Employing businesses to receive fortnightly payments of up to 40% of payroll, to a maximum of $10,000 per week (on the basis that they maintain employee headcount).
Payroll tax waivers of 25 per cent for businesses with Australian wages of between $1.2 million and $10 million that have experienced a 30 per cent decline in turnover, as well as payroll tax deferrals and interest free repayment plans.