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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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HIA Planning Blueprint Scorecard Report
The Housing Industry Association (HIA) has undertaken an assessment of National Cabinet’s 10 point National Planning Reform Blueprint including identifying, and in some cases re-defining, the key planning reform measures needed from the Blueprint to enable the delivery of National Cabinet’s Housing Accord target of building 1.2 million homes over the next 5 years.
New home building set to increase
“It is nine months since the RBA’s last rate rise and market confidence is returning. It is only the heavily taxed markets of NSW and Victoria that are yet to see a trough in detached home building in 2024,” stated HIA Chief Economist, Tim Reardon
New silica laws apply from 1 September
Following the introduction of the engineered stone ban around the country earlier this year, new rules when working with silica products will come into effect from 1 September.
ACT housing outlook remains bleak
“Detached home building in the nation’s capital is constrained, sitting at record lows, with the current affordability crisis expected to persist for years,” stated HIA Executive Director, Greg Weller.
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