COVID-19 SA Government Business Support Package

 

12 January 2022

As we continue to find ourselves in these challenging times, we understand you may have concerns about the ongoing effects COVID-19 has on your businesses and means of support.  As always, should we be able to assist you and your business navigate your way through this ever changing economic climate, please do not hesitate to contact us.  Please note during this time we are trying to limit face to face meetings and where possible, are requesting meetings be held remotely via zoom, phone etc.  Please contact your advisor if you have particular concerns, but please feel reassured that we will be there to help where we can.

With many businesses continuing to suffer the effects of COVID-19 restrictions, the SA Government have introduced a support package which your business may be able to access.
So what grants are available?

  • Tourism, hospitality and gym grant
  • Business hardship grant
  • Major events grant
  • Payroll tax relief
  • Liquor licence fees relief

Who can access the grants?

Tourism, hospitality and gym grant

  • Automatic payment
    • Automatically paid to businesses that received previous COVID-19 Tourism and Hospitality Support Grant and Gym operators that received Additional COVID-19 Business Support Grant. The business needs to fall within the eligible ANZSIC classification codes.
    • The grants available range between $1,000 and $11,000 dependant on your business
    • No application is necessary
  • Turnover based payment
    • A 30% reduction in turnover during the period 27 December 2021 to 9 January 2022 (inclusive) comparable to 2 weeks in 2019-20 (or 2020-21 for those businesses that did not trade in 2019-20) as specified by the grant conditions. The business needs to fall within the eligible ANZSIC classification codes and there is additional criteria to be met.
    • The grants available range between $1,000 and $11,000 dependant on your business
    • An application needs to be completed before the closing date (31 March 2022)

Business hardship grant

  • Turnover based payment
    • A 50% reduction in turnover during the period 27 December 2021 to 9 January 2022 (inclusive) comparable to 2 weeks in 2019-20 (or 2020-21 for those businesses that did not trade in 2019-20) as specified by the grant conditions. This grant is not industry specific however for those eligible for the ‘Tourism, hospitality and gym grant’, those business can not apply for this grant. There is additional criteria to be met.
    • The grants available range between $2,000 and $8,000 dependant on your business
    • An application needs to be completed before the closing date (31 March 2022)

Major events grant

  • Requires proof of non-recoverable financial loss due to an event being cancelled/postponed
  • There is various criteria to meet to be eligible for this grant
  • The grants available are up to a maximum of $100,000 dependant on the event cancelled/postponed
  • An application needs to be completed before the closing date (31 March 2022), noting the application process is still being determined

Please note that currently the application systems for the COVID-19 Tourism Hospitality and Gyms and COVID-19 Hardship grants will not accept applications from businesses commencing operation after December 2020.

The Government has determined that eligibility for these grants will be extended to these businesses and the application systems are being updated to enable these applications.
Applications will now be extended to businesses commencing prior to 30 November 2021. For businesses that commenced trading after December 2020, the comparison period will be the average fortnightly trading activity between when the business commenced and 30 November 2021.

Changes to the application form to allow businesses established after December 2020 to apply for the COVID-19 Tourism Hospitality and Gyms and COVID-19 Hardship grants will be made by Friday 14 January 2022.

Payroll tax relief
Tourism, hospitality, gyms and other eligible businesses impacted by the trading restrictions in place from 27 December 2021 may apply to RevenueSA for a deferral of payroll tax due over the period from January 2022 to March 2022, with these deferred payments due from April 2022.
Further information is available at https://www.revenuesa.sa.gov.au/grants-and-concessions/covid19-relief

Liquor licence relief
Please get in contact with us if your business involves the need for a liquor licence, as there is potential relief available for certain businesses.

If we can assist with the above or any other matters, please do not hesitate to contact us at admin@nulli2advisory.com.au or 08 8132 6400.