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Support for ACT businesses impacted by COVID-19 restrictions
COVID-19 Business Support Grant
The Business Support Grant will provide one-off grants of $20,000 for employing businesses and $7,500 for non-employing businesses that can provide evidence of a 30 per cent reduction in turnover revenue in a consecutive 7-day period during the declared lockdown (from 13 August to 17 September). This will need to be compared with a consecutive 7-day period from April 2021 to August 2021.
To obtain the grant you will need to prove that:
- You meet the eligibility criteria; and
- You have been impacted by the recent restrictions.
Is my business eligible?
To be eligible for the grant your business must:
- Have a valid ABN
- Be able to demonstrate that as at 1 April 2021 it primarily operated in the ACT
- Have an annual turnover of more than $75,000 (excluding GST)
- Be registered for GST before April 2021
- Have total payroll of less than $10 million.
What evidence do I need?
The following is not an exhaustive list of what can be used as evidence:
- Extracts from your accounting software of turnover comparison;
- Emails or texts to or from suppliers and clients detailing cancellations or postponement of projects or orders;
- Receipts for refunds provided;
- Appointments or project programs that can demonstrate cancellations of bookings or postponement in projects programs; and/or
- Screenshots of cancelled events.
Business are required to retain supporting information for two years. A short video to assist members in demonstrating a 30 per cent decline in turnover.
COVID-19 Small Business Hardship Scheme
Small businesses with a turnover between $30,000 and $10 million per annum that have experienced a 30 per cent loss in revenue as a result of COVID-19 restrictions will also be eligible to apply to receive credits for payroll tax, utility charges, rates and other selected fees and charges up to a maximum of $10,000 per operator.
If I apply for the COVID-19 Business Support Grant, can I also apply for the small business hardship scheme?
Yes, if you are eligible for each scheme you can apply. Further details will be available on the ACT Government COVID-19 website shortly.
You can express your interest in these schemes.
Visit ACT Government COVID-19 website for more information on how to apply.
COVID-19 Disaster Payments for impacted employees
If your employees experience a significant reduction in hours due to the impact of COVID-19 restrictions on your business, they may be eligible for the Disaster Payment wage support.
To find out more, contact HIA's Contracts and Compliance team
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