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The purpose of this blog post is to provide you with a basic understanding of the current NSW 2021 COVID-19 support package as well as to assist you in determining your eligibility for financial support.

HELP FOR INDIVIDUALS & HOUSEHOLDS:

Residential tenants

Landlords will not be able to evict tenants who get behind on their rent until 11 Sept 2021.
Landlords who decrease their tenants’ rent can apply for a grant/land tax exemption.

COVID19 disaster payment

A lump sum taxable payment to help workers that are unable to earn an income due to a lockdown/hotspot/restricted movement.
You must meet the general eligibility rules to receive this payment.
If you are a member of a couple, you can both receive this payment.
You can get this payment even if you’re eligible on only one day of a recognised COVID-19 period of restricted movement, lockdown, or hotspot.
If you live, work in, or visited NSW, you need to meet specific eligibility rules to get the COVID-19 Disaster Payment. (As well as the general eligibility rules listed above).
To claim online (the easiest way) you will need a MyGov account linked to Centrelink online account.
Depending on where you live in Sydney/NSW/Victoria, if eligible, you’ll get $375 per relevant period if you lost between 8 and 20 hours per week and $500 if you lost more than 20 hours of work.
From (15th July – people in parts of Sydney), (18th July – people in greater Sydney), (18th July – all other areas in NSW), (23rd July – people in Victoria), you’ll get $375 for each relevant period if you lost between 8 and less than 20 hours per week OR a full day of your usual work hours per week. If you lost more than 20 hours per week, you’ll get $600 for each relevant period.

Pandemic leave disaster payment

A lump sum payment to help you during the 14 days you need to self-isolate, quarantine, or care for someone.

Other help

HELP FOR BUSINESSES, SOLE TRADERS & SMALL NOT-FOR-PROFITS

The new small business support payment will support up to an estimated 500,000 entities employing more than 3 million people.

COVID19 Business Grants

Eligible businesses (including non-employing businesses such as sole traders & non-profit organisations) can apply for a one-off grant of $7,500, $10,000, or $15,000 grants depending on your decline in turnover).

Your annual turnover must be greater than $75,000 but less than $50M for the year ending 30 June 2020.
Your payroll can be up to $10 million.
You must have an active ABN and be GST registered as of 1 June 2021⁠
You must be operating in NSW as of 1 June 2021⁠
You must have incurred business costs for which there is no other⁠ government support⁠ eg: wages, utilities, rent, advice around business continuity planning, the cost of perishable goods that can no longer be used, and other activities around supporting the operation of your business.
You must have maintained your employee headcount as of 13 July 2021⁠ for the period in which the business is receiving payments under this grant and the JobSaver scheme.
Applications open on 19th July 2021 and close on 13th Sept 2021.
Apply here.
You’ll require an accountant-verified letter to go with your application. Email our team to request yours.

JobSaver

Fortnightly payments to help maintain employee headcount (as of 13 July) and provide cashflow support to businesses.
Employing businesses: 40% of weekly payroll, with a minimum payment of $1,500 per week and a maximum payment of $10,000 per week
Non-employing business: $1,000 per week.
To be eligible you must show a revenue decline of 30% or more and have a turnover of between $75 and $50 million.
Applications open in late July.
Register your interest with services NSW here.

COVID-19 Micro Business Grants

A $1,500 per fortnight payment for businesses with a turnover between $30,000 and $75,000.
Revenue must have declined by 30% or more
Applications open in late July.
Register your interest with services NSW here.

Tenants in commercial or retail premises

Protection will be offered for impacted tenants in commercial and retail tenancies in NSW.
Landlords will not be able to lock out or evict impacted tenants without first going to mediation.
Tenants must have an annual turnover of $50 million or less.
Tenants must be eligible for either the Micro-business COVID-19 Support Grant, the COVID-19 NSW Business Grant, or the JobSaver Scheme.
Landlords with commercial properties may be eligible for a land tax concession of up to 100% of the 2021 land tax if they provide rent reductions to their tenants.
For further information visit revenue NSW.