Hospitality & Tourism COVID-19 Support Grant

 

The NSW Government has announced new grants of up to $10,000 to aid businesses impacted by the recent COVID-19 restrictions.

 

The grant is available to tourism or hospitality businesses with:

 

  • A NSW registered ABN or ability to demonstrate they are physically located and primarily operating in NSW
  • Turnover of more than $75,000 per annum
  • Annual Australian wages below $10m as at 1 July 2020

 

These criteria are a bit more generous than the general Small Business COVID-19 Support Grant which is restricted to business and sole traders with:

 

  • Total Australian wages below the NSW Government 2020-21 payroll tax threshold of $1.2m
  • Fewer than 20 full time equivalent employees

 

The value of each grant is determined by the impact of the COVID-19 restrictions on your turnover. Your business will need to prove a decline in turnover across a minimum 2 week period after the commencement of the major restrictions on 26 June 2021.

 

Decline in turnover

Grant

70%

$10,000

50%

$7,000

30%

$5,000

 

Applications for the grants can be submitted through Service NSW from late July and we will be in contact with you once the full details and eligibility criteria are released.

 

We are happy to offer any assistance and support that you may require including calculating and providing proof of the decline in turnover and ongoing assistance with the application. If any of your business associates are also in need of assistance feel free to also put them in touch with us and we will assist. 

 

Payroll Tax Deferral

 

To assist with the impact of COVID-19, businesses can apply to defer payroll tax payments due in July 2021. Revenue NSW will provide a repayment program on a case-by-case basis if you wish to apply.

 

In addition, the due date for lodgement and payment of the 2021 annual reconciliation has been extended to 30 August 2021.