COVID-19 Business Hardship Grant - HLD Law

COVID-19 Business Hardship Grant

COVID-19 Business Hardship Grant

henry
0

The COVID-19 Business Hardship Grant that was introduced by the SA Government for businesses impacted by health restrictions that were in place from 27 December 2021 to the 9th of January 2022.

This Grant is available for businesses who were not eligible for the tourism, hospitality and gym grants and have not received the 2021 Covid-19 Business Support Grant.

Grants of $6,000 and $2,000 are available for employing and non-employing businesses that have experienced a decline in turnover of 50%.

Additionally, $2,000 will be available for both employing and non-employing businesses with a commercial premise within the Adelaide CBD.

Businesses must meet the following criteria as at the start of the restriction period of 12:01am Monday 27 December 2021:

  • Must be located and operated within South Australia.
  • Must have an Australia-wide grouped payroll below $10 million in the 2019-20 or 2020-21 financial years.
  • Businesses must provide evidence of the reduction in turnover if requested and retain the records for 2 years after the date the grant was approved.  
  • For businesses that commenced trading prior to 2019-20: as a consequence of COVID-19 restrictions between 27 December 2021 (beginning of restrictions) and 9 January 2022, a business must have experienced a reduction in turnover of at least 50 per cent for the consecutive two-week period when compared to the same two-week period (i.e. 27 December to 9 January) in 2019-20.
  • For businesses that commenced trading in 2019-20 or 2020-21 (before 1 December 2020): as a consequence of COVID-19 restrictions between 27 December 2021 (beginning of restrictions) and 9 January 2022, a business must have experienced a reduction in turnover of at least 50 per cent for the consecutive two-week period when compared to the same two-week period (i.e. 27 December to 9 January) in 2019-20 or 2020-21.
  • For businesses that commenced operations on or after 1 December 2020: as a consequence of COVID-19 restrictions between 27 December 2021 (beginning of restrictions) and 9 January 2022, a business must have experienced a reduction in turnover of at least 50 per cent when compared to the average fortnightly turnover between when the business commenced and 30 November 2021.

Applications for the grant are open through the Department of Treasury and Finance application portal.  

They will ask for your Business Activity Statement (BAS) or an official document evidencing business name and Australian Business Number (ABN) so be prepared as applications will close on 31 March 2022.

Go ahead and apply before the applications close, there’s nothing to lose!

Please go to: Business Hardship Grant | Department of Treasury and Finance and eligibility guidelines for more information.

Tax Reform WishlistPerry v Nicholson [2017] QSC 163

Leave a Comment

Your email address will not be published. Required fields are marked *