Uploaded on Feb 27, 2023
The Berejiklian government will offer payments of up to $10,000 to eligible businesses that have suffered turnover reductions as a result of state lockdown.
NSW Business Support Package
NSW Business
Support Package
The Berejiklian government will offer payments of up to
$10,000 to eligible businesses that have suffered
turnover reductions as a result of state lockdowns,
along with the deferral of some payroll tax and gaming
tax liabilities to August.
New South Wales Treasurer Dominic Perrottet on
Tuesday announced a business support package which
will see small businesses with fewer than 20 full-time
employees, and payrolls up to $1.2 million with
turnover of $75,000 a year, receive support payments
of up to $10,000.
The eligibility criteria have been broadened, though, for
businesses in the tourism, hospitality and
accommodation sectors, which will be eligible with
payrolls of up to $10 million.
Businesses that suffer turnover reductions of more than
70 per cent and meet the eligibility criteria will receive
the full payment of $10,000, while those that suffer a
reduction of 50 per cent will receive $7,000, and those
that suffer a reduction of 30 per cent will receive
$5,000.
Meanwhile hotel operators have been offered a
deferral on the payment of their payroll and gaming tax
liabilities until August.
The state’s budget, handed down by Treasurer Dominic
Perrottet last week, allotted $5.1 billion for combating
COVID-19, $800 million of which is set to be spent by
the end of the 2021 calendar year.
“The NSW economy rebounded strongly from the
challenges of 2020 and we’re taking action to ensure
we keep that going,” Mr Perrottet said.
“We are deploying our fiscal firepower when it matters,
by helping small businesses stay in business and keep
people in jobs.”
The state’s support will be offered in addition to the
Commonwealth’s COVID-19 disaster payment, which
prime minister Scott Morrison said will be made to
affected workers from 1 July.
Workers who are unable to work because of lockdown
restrictions will be eligible for $500 a week if they
normally work more than 20 hours each week, and
those who work less than 20 hours receive $325 weekly
until restrictions ease.
Eligible workers will include Australian citizens,
residents and visa holders who are permitted to work in
Australia and aged 17 and older.
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