Cash flow support for NSW micro-businesses impacted by COVID-19 restrictions while continuing to incur business costs.
Closing date 18 October 2021.
» You can apply online using your MyServiceNSW Account
The 2021 COVID-19 Micro-Business Grant provides fortnightly payments to NSW micro-businesses (small business, sole traders or not-for-profits) impacted by recent COVID-19 restrictions.
Available funding
- Automatic payments of $1,500 per fortnight.
- Payments made in arrears with the first payment backdated to 26 June.
- Only one application per ABN and only one application even if multiple businesses under a single ABN.
Eligibility criteria
- Must have an ABN and operating in NSW at 1 June 2021. There are some exemptions if you have an ABN outside NSW but can demonstrate you operated within NSW at 1 June 2021.
- Aggregated turnover more than $30,000 and less than $75,000 for year-ended 30 June 2020[i].
- Decline in turnover of 30% or more due to the Public Health Order over a minimum 2-week period within the Greater Sydney lockdown (26 June and due to end 30 July) compared to the same period in 2019.
- Applicant has business costs for which there is no other government support available.
- Applicant has not applied for the COVID-19 Business Grant or JobSaver.
- Employing businesses must maintain headcount at 13 July.
- For non-employing businesses, the business receiving the payments must be the primary income source for the associated person. Individuals with more than one non-employing business can only claim from one business.
- Entities earning passive income (such as rent) are not eligible.
- Employees can receive Commonwealth COVID-19 Disaster Payments if their employer is receiving this grant.
- Non-employing businesses are not eligible for this grant if individuals associated with and deriving income from the business are receiving the Commonwealth Covid-19 Disaster Payment.
Evidence in support of eligibility
- Applicant must have experienced a decline in turnover of 30% or more over a minimum 2-week period from 26 June 2021 to 30 July 2021 compared to the same period in June and/or July 2019.
- There is no alternate test for businesses not operating in 2019 (or 2019 not a true comparison) or did not meet the minimum $30k turnover. These applicants should contact Service NSW.
- Applicants need to supply one of the following as evidence that their turnover was more than $30,000 but less than $75,00 for the year ended 30 June 2020:
- A letter from their accountant;
- Business Activity Statement;
- Business bank statements;
- A tax return or notice of assessment.
- If no employees, declare the business is the primary source of income for the owner of the business.
- If business does have employees, applicant must declare their employee headcount on 13 July 2021 and notify Service NSW if the employee headcount declines.
Some important notes
- Funding to be used to cover costs incurred from 18 July (wages, rent etc.)
- Businesses that received the $1,500 NSW Small Business Fees and Charges Rebate can apply for this grant.
- Where a business operates through a Trust, it will be required to provide additional information to demonstrate an aggregated turnover of more than $30k but less than $75k is derived through the Trust, as opposed to a business linked to a trust.
Applicants will require an accountant’s prepared declaration as part of the grant submission process. Allan Hall will be able to provide assistance to our clients as we have done with previous NSW grant programs.
See more information at https://www.service.nsw.gov.au/transaction/2021-covid-19-micro-business-grant or call Allan Hall’s team on 02 9981 2300.
[i] based on ATO definition