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Small Business COVID-19 support


Just a reminder that applications for the $10,000 small business COVID-19 support grant close on 1 June 2020.

Please to investigate whether you are eligible for part of the $550 million of grant funding available through Service NSW.

To be eligible for this grant, you must:

  • be based in NSW

  • be a small business

  • be registered with an ABN as at 1 March 2020

  • have an annual turnover of more than $75,000

  • employ 1-19 full-time workers as at 1 March 2020

  • be able to report a payroll below the NSW 2019-2020 payroll tax threshold of $900,000

  • have been highly impacted by Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020 effective on 31 March 2020

  • have experienced at least 75% decline in turnover compared to the same two-week period in 2019, as a result of COVID-19 (for businesses that have been in operation for less than 12 months, refer to the guidelines)

  • have unavoidable business costs not otherwise the subject of other NSW and Commonwealth Government financial assistance measures


For the full eligibility criteria and to apply, visit the Service NSW website.

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Any advice on this website is general in nature and does not take into account your personal circumstances, objectives and needs. Therefore, before making a decision, you should consider the appropriateness of the advice with regard to those matters. Please see our Financial Services Guide for more information.

COMPASS financial management (A.B.N. 43 235 905 061) is an authorised representative of Charter Financial Planning Ltd, Australian Financial Services Licensee

 

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