2021 Government Stimulus Assistance

The Federal and State Governments have announced a number of jointly funded support measures for businesses and individuals in NSW who are affected by the lockdown.

“We think we have streamlined this and there is a balance between getting money out the door and making sure it is going to the right places. This is a rapid relief for every business and individual across the state to help them through this period.”

NSW Treasurer Dominic Perrottet

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Payments to NSW Businesses

If you’re a business, sole trader or not-for-profit organisation impacted by the current Greater Sydney COVID-19 restrictions, you may be able to apply for a grant of up to $15,000 from 19 July 2021.

The grant can be used for business expenses such as rent, utilities and wages, for which no other government support is available.

Three different grant amounts will be available depending on the decline in turnover experienced during the restrictions:

Applications close 1 October 2021

Micro-businesses such as small businesses or sole traders with a turnover of between $30,000 and $75,000 can claim a $1,500 fortnightly payment.

Applications close 18 October 2021

Eligible businesses will receive support payments of 40% of their NSW payroll, with a minimum payment of $1,500 and a maximum payment of $10,000 per week.

Sole Traders will be eligible for up to $1,000/week. 

To be eligible, businesses must maintain their full time, part-time and long term casual staffing as of 13 July 2021.

Applications close 18 October 2021

Other grants include support for:

A capped grant of up to $1,500 for residential landlords who are not liable to pay land tax who reduce rent for tenants estimated at $210 million.

Land tax relief equal to the value of rent reductions provided by commercial, retail, and residential landlords to financially distressed tenants, up to 100 percent of the 2021 land tax year liability.

A short-term eviction moratorium for rental arrears where a residential tenant suffers a loss of income of 25 percent due to COVID-19 and meets a range of criteria.

Payments to VIC Businesses