$3000 or $1000 Grants available
On behalf of all the accountants at Hazeal Newman & Associates we take this opportunity to inform you of the following:
The State Government has announced another round of Grants in addition to the original one week Covid 19 Lockdown Grants of July 2021.
Businesses may be eligible for another $3,000 (for employing businesses) or a $1,000 grant (for non-employing businesses) if experienced at least a 30% reduction in turnover for the two weeks commencing 28/7/2021 (28/7/21 to 10/8/21) compared to the average fortnightly turnover in the June quarter 2021. Businesses must be registered for GST, however, no minimum turnover test applies.
To be eligible as at 12.01 am 28 July 2021 businesses must meet the following criteria:
– Be located within South Australia
– Have an active ABN & be registered for GST
– Have an Australian-wide payroll of less than $10 million in the 2019-20 financial year
– Operate in an eligible industry sector identified in the list of eligible ANZSIC classes (You must be in one of the industry types to be eligible for this claim, see the attached list of industry types allowed)
– Experience a 30 percent reduction in turnover due to restricted trading conditions from 28/7/21 to 10/8/21 compared to average fortnightly turnover in the June quarter 2021
This application process is expected to be open to South Australia from 13th August 2021. Detailed Guidelines and Terms and Conditions for the COVID 19 Additional Business Support Grant will be released soon and can be accessed through the following link:
https://www.treasury.sa.gov.au/Growing-South-Australia/COVID-19