The NSW Government has announced a financial assistance package for small- and medium-sized businesses that are under pressure in early 2022 as a result of COVID-19. Payments are based on meeting specific criteria and payroll amounts.
The NSW Government has announced a support package that is available to your business if you have experienced a downturn during the NSW Omicron wave.
The program is similar to JobSaver, which was available in 2021, but is only available for wages paid in February 2022.
To be eligible for the NSW 2022 Small Business Support Program, you will need to show that:
At present, there are no specifics on whether the decline in turnover is compared to the same time in 2021 or not.
Similar to the 2021 JobSaver, a business’s support payment will be based on its payroll to staff for the month of February 2022.
Employing businesses will receive a lump sum payment of 20% of their weekly payroll for the month of February. The minimum payment will be $750 per week ($3,000 lump sum) with a maximum payment of $5,000 per week ($20,000 lump sum).
Non-employing businesses will receive a lump sum payment of $2,000, based on $500 per week in February.
How to apply
We have been advised that you will be able to apply through Service NSW from mid-February. Also, you may be required to provide additional information to finalise your application. This may include sales reports and payroll reports.
If you have any questions or issues, please talk to us first. We will be able to provide you more information once it comes to hand.