1. Small Business COVID-19 Support Grant. Available to businesses with fewer than 20 full time employees and with a turnover of more than $75,000 per annum but below the NSW Government payroll tax threshold of $1,200,000 as at 1 July 2020.
2. Hospitality and Tourism COVID-19 Support Grant. Available to tourism or hospitality businesses that have a turnover of more than $75,000 and an annual Australian wages bill of below $10 million, as at 1 July 2020.
Three different grant amounts will be available for small businesses depending on the decline in turnover experienced during the restrictions - $10,000 for a 70 per cent decline, $7000 for a 50 per cent decline and $5000 for a 30 per cent decline.
Other key elements of the package include:
- A further one-month extension of Dine & Discover vouchers until 31 August 2021 to allow people more time to use them.
- An optional deferral of payroll tax payments due in July 2021 and the deferral of hotel June quarter gaming machine tax, with the Chief Commissioner of State Revenue able to provide for appropriate repayment arrangements on a case by case basis.
You can get more information via the links below: