Applications for the 2022 Small Business Support Program are now open (Due to close 31 March 2022). To determine if your business is eligible for this one-time payment, please read on:
In response to the Public Health Orders imposed on the hospitality industry during December 2021 and January 2022 to curb the spread of the Omicron, the NSW Government’s 2022 Small Business Support Program will provide cash flow support to help eligible businesses recover from the Public Health Order restrictions. Available funding will be a one-time payment covering the four-week period of February 2022.
Eligible businesses will receive the equivalent of 20% of weekly payroll for work performed in February.
- Eligible employing businesses will receive between $750-5,000 per week.
- Eligible non-employing businesses will receive $500 per week.
Please click ATTACHMENT A for eligible businesses and ATTACHMENT B For ineligible businesses.Further eligibility requirements to receive the support payment:
- Your business was operating in NSW on 1 January 2021;
- Your business had an aggregated annual turnover of between $75,000 and $50 Million for the year ended 30 June 2021 or 30 June 2020 (must use the most recently lodged Australian Tax Return);
- Your business experienced a decline in turnover of 40% or more due to the impacts of COVID-19 during January 2022, compared to January 2021 or January 2020,
- Your business experienced a decline in turnover of 40% or more due to the impacts of COVID-19 from 1–14 February 2022 compared to the same fortnight in February in the comparison year used for criterion (3) above; and
- Your business maintained its employee headcount from 30 January to 28 February 2022.
- If an employing business, they must declare their headcount on 30 January and declare they will maintain employee headcount over the period to 28 February 2022;
- Non-employee businesses must declare that the business is the primary income source for the individual associated with the business;
- Submit their most recently lodged income tax return (with tax file numbers redacted);
- Provide evidence of how the weekly payroll amount was calculated – for most businesses a BAS or IAS recently submitted to the ATO;
- For businesses included in Attachment A: Declare that they experienced the required 40% decline in turnover and identify how the Public Health Order directly impacted their turnover of the business.
- For businesses not included in Attachment A, but are eligible: Submit the supporting evidence included in the above criteria and a letter from a qualified accountant, tax agent or BAS agent.
If you believe your business to be eligible for this support payment but is not included in Attachment A, please advise Kennedy Cross and we will complete your eligibility tests for you and assist in compiling the supporting information needed for the application process on Service NSW online.
For further information regarding the 2022 Small Business Support Program, click HERE.