COVID-19 Micro Business Grants

Posted 28 Jul '21

A fortnightly payment for businesses with a turnover between $30,000 and $75,000.

How much

• $1,500 per fortnight

Eligibility

• A turnover between $30k and $75k
• A revenue decline of 30% or more
• Businesses that provide the primary income source for a person associated with the business.

If you’re a micro-business (small business, sole trader or not-for-profit organisation with aggregated annual turnover between $30,000 and $75,000) impacted by the recent COVID-19 restrictions, you may be eligible to apply for a fortnightly payment of $1,500 to cover business expenses for the duration of the Greater Sydney lockdown.

The 2021 COVID-19 micro-business grant provides cashflow support for micro-businesses in New South Wales who have had their work impacted by the restrictions while continuing to incur business costs.

Eligible applicants can use the grant for business costs incurred from 1 June 2021 and for which no other government support is available, including:

• salaries and wages
• utilities and rent
• financial, legal or other advice
• marketing and communications
• perishable goods
• other business costs.

Applications will close at 11:59pm on 18 October 2021.

Eligibility

To be eligible for the grant, you must:

• have an active Australian Business Number (ABN) registered in, or demonstrate your business was primarily operating in, NSW as at 1 June 2021
• have had aggregated annual turnover between $30,000 and $75,000 for the year ended 30 June 2020 - have experienced a decline in turnover of 30% or more due to the public health orders over a minimum 2-week period within the Greater Sydney lockdown (commenced 26 June 2021  and due to end 30 July 2021), compared to the same period in 2019 - have business costs for which no other government support is available
• have not applied for either the 2021 COVID-19 business grant or the JobSaver payment
• maintain your employee headcount as at 13 July 2021 while receiving payments from this grant, if you're an employing business
• have this business as your primary income source, if you're a non-employing business such as a sole trader.

Certain entities, including those primarily earning passive income (such as rents, interest or dividends) or those with an ABN registered after 1 June 2021, are not eligible for this grant.

Non-employing businesses are not eligible to apply for this grant if anyone associated with the business or who derives income from it has received the Commonwealth COVID-19 disaster payment.

For employing businesses, your employees can receive Commonwealth COVID-19 disaster payments if you receive this grant.

Businesses that received the $1,500 small business fees and charges rebate can apply for this grant.

Contact your PinnacleHPC accountant for further information and to assist with the application process.

Please note a reasonable fee (to be kept at a minimum) in view of the current circumstances will be charged to cover our time in reviewing your eligibility and preparing the necessary accountants letter for this grant.