- Payroll Tax
- Deferral of payments on the 2020/21 annual payroll tax return and interest-free repayment plans available.
- Reduction of 25% for businesses with payroll of up to $10 million who experienced 30% or more decline in revenue.
- Tax-free threshold increase from $900,000 to $1million
- Other grants are being made available to Arts organisations, Lifeline and Social Housing Tenants.
- Electricity and gas network relief package for eligible organisations
- Amendments to the Long Services Leave Act 1955 to allow employees to take leave in shorter blocks without the one-month notice period, by agreement with their employer.
- Eligible sporting clubs and associations in NSW can apply for a one-off grant of up to $1,000.
- Pandemic Leave Disaster Payment of $1,500 for eligible individuals who live in NSW for each 14 day period they are required to self-isolate, quarantine or care for a person who has COVID-19.
- COVID-19 micro business grant of $1,500 per fortnight for eligible businesses with a turnover between $30,000 and $75,000 that have experienced a decline in revenue of 30% or more. Applications open late July.
- Fees and charges rebates of $1,500 for eligible not for profits, available until 30 June 2022.
- JobSaver fortnightly payments of $1,000 per week for non-employing businesses and up to $10,000 per week for employing businesses with a turnover between $75,000 and $50 million that have experienced a decline in revenue of 30% or more. Applications open late July.
NSW Fair Trading
- Extensions for holding AGMs and submission of financial reports for incorporated associations and co-operatives applied automatically.
- Residential tenancy support package, including protecting eligible COVID-impacted residential tenants from eviction where they cannot meet their rent payments, and financial support of up to $1,500 for eligible landlords.
State Insurance Regulatory Authority
- Any additional “top-up” amounts paid to employees as a result of the JobKeeper Payment Scheme, will not be considered as remuneration for the purposes of calculating the workers compensation insurance premium.
2021 COVID-19 Business Grant
- Three different grant amounts available for not-for-profits, businesses and sole traders in NSW impacted by the recent COVID-19 restrictions.
Who is eligible?
To be eligible, you must:
- Have an ABN and were operating in NSW as at 1 June 2021;
- Have had total annual Australian wages of $10 million or less at 1 July 2020;
- Had an aggregated annual turnover between $75,000 and $50 million for the year ended 30 June 2020;
- Have business costs for which there is no other government support available;
- Maintain your employee headcount as at 13 July 2021 for the period for which the business is receiving payments under this Grant and the JobSaver scheme.
Three different grant amounts will be available, depending on the decline in turnover over a minimum 2 week period from 26 June 2021 to 17 July 2021 compared to the same period in June and/or July 2019:
$7,500 for a decline of 30% or more
$10,500 for a decline of 50% or more
$15,000 for a decline of 70% or more
Where the organisation is on the Victorian border “Southern Border business” and impacted by the NSW stay at home orders that commenced on 27 May 2021, you may use a different comparison period to demonstrate a decline in turnover. For each of the three grant amounts, the period of comparison is 27 May 2021 to 26 July 2021 compared to the same period in May and/or June and/or July 2019.
Links for further information:
Covid-19 help for businesses
flexible long service leave changes to help employees and businesses
Community Sports recovery package
Pandemic leave disaster payment
Apply for the small business fees and charges rebate
Running an association – meetings
Residential support package
Covid-19 and Jobkeeper payments
Apply for 2021 Covid-19 business grant