The ACT Government will provide support for small businesses in the ACT facing a significant loss in revenue due to the current lockdown in the ACT.
COVID-19 Business Support Grants
The ACT COVID-19 Business Support Grants will deliver support of $20,000 for employing businesses and $7,500 for non-employing businesses over the five-week lockdown period where those businesses’ turnover has declined by 30 per cent or more as a result of the COVID-19 public health measures. This program is jointly funded by the ACT and Australian Governments.
Applications are now open.
COVID-19 Small Business Hardship Scheme – up to $10,000
Eligible small businesses will be able to apply to the ACT Government to receive credits for payroll tax, utility charges, rates and other selected fees and charges up to a maximum of $10,000 per operator.
To be eligible, applicants must demonstrate a 30 per cent loss of revenue from June quarter 2021 to September quarter 2021 and have a turnover between $30,000 and $10 million.
The COVID-19 Small Business Hardship Scheme will open in October 2021.
COVID-19 Disaster Payment
Employees who are unable to earn an income during the lockdown may be able to access the Commonwealth Government’s COVID-19 Disaster Payment.
Payment amounts will vary from $200 to up to $750 depending on the hours of work lost during the lockdown and other eligibility criteria.
The ACT Government is delivering a range of measures to support local business and industry during the COVID-19 pandemic, for more information about the scheme and how to apply is available on the Services Australia website.
For further information please visit: https://www.act.gov.au/business/business-support/covid-19-economic-support-for-business
If you would like assistance please complete our online enquiry via our contact us button or by calling a GM Tax office closest to you.