Apply for Small Business COVID-19 Support Grant

Dear Good Tax Accountants (GTA) customers,

Thank you for your ongoing support.

New South Wales Government announced Small Business Support Grant on 3rd April 2020 to support Small business. Eligible businesses can receive support grant of up to $10,000.

Eligible Businesses

Based in NSW
Registered with an ABN as at 1 March 2020
Employ 1-19 full-time workers as at 1 March 2020
An annual turnover of more than $75,000 (Business Activity Statement must be provided as evidence)
A payroll below the NSW 2019-2020 payroll tax threshold of $900,000
Have been highly impacted by COVID-19 Restrictions on Gathering and Movement Order 2020 effective on 31 March 2020
Have experienced at least 75% decline in turnover compared to the same two-week period in 2019, as a result of COVID-19
Businesses that have been in operation for less than 12 months might be considered upon additional information proving that they have been significantly affected by the impacts of the COVID-19
Have unavoidable business costs not otherwise the subject of other NSW and Commonwealth Government financial assistance measures.
Business that is not in one of the highly impacted industries may be eligible upon providing the evidence of a 75% reduction in turnover as a result of the Public Health Order 2020, along with a confirmation letter from your accountant.
Sole trader that does not employ staff are not eligible for this assistance. Please seek assistance from JobSeeker payments.

Highly Impacted Industries includes:

Retail trade
Accommodation and food service
Rental, hiring and real estate services
Administrative and support services
Arts and recreation services

Document required for application

MyServiceNSW Account
Proof of identity
Valid ABN/ACN number
Business bank details for payment
FY 2020 Q3 Business Activity Statement (BAS)
Evidence showing at least a 75% decline in turnover compared to the same 2-week period in 2019

Auditing requirements

Eligible applicants may be required to demonstrate the decline in turnover was a result of COVID-19. Evidence includes

Letter from your business accountant
Proof of reduced customer numbers
Proof of changes to business operations due to social distancing rules
Proof of increased costs associated with public health protection measures.

Keep all documentary evidence related to application for a minimum of 5 years for future audits. You may be required to provide evidence (for example, official receipts) that you have used funds in accordance with the terms and conditions of this grant.

Proof of identity

You’ll need to provide 2 proof of identity documents from the below list:

Australian driver licence
Medicare card
Australian passport
overseas passport
Australian birth certificate
Australian citizenship certificate
ImmiCard
DHS concession card
Travel visa
DFAT issued UN Travel document
DFAT issued Certificate of Identity

How to apply

Gather all your documentation and evidence and have it ready for uploading. You cannot save and resume your application once you have started.
Check the eligibility criteria.
Select the ‘Apply online’ button.
Log in or create your MyServiceNSW Account.
Select and verify your identity documents.
When your identity is verified, select ‘Continue with application’.
Enter the required information and upload any supporting documents.
Enter your insurance details (if applicable).
Enter your bank details.
Review your application.
Check the Declaration boxes.
You’ll be sent a confirmation email.

If additional information to support your claim is required, you’ll be notified. If your application is approved, payment will be transferred within 10 business days.

Useful links

https://www.service.nsw.gov.au/small-business-covid-19-support-grant-guidelines

https://www.service.nsw.gov.au/sbc19sg-terms

Should you have any inquiry regarding above matter, please do not hesitate to contact us.

Stay safe.

Thank you.