$10,000 Emergency Cash Grants for Small Businesses impacted by COVID-19
Tens of thousands of South Australian small businesses and not-for-profits will be offered a one-off $10,000 emergency cash grant from the Marshall Liberal Government to further support them through the coronavirus crisis.
The major investment – funded from the State Government’s $650m Jobs Rescue Package – will assist an estimated 19,000 small businesses and not-for-profits that have suffered a significant loss of income or been forced to close as a result of necessary coronavirus-related restrictions, including eligible sporting and community organisations across the state from gyms, hairdressers and beauty and nail salons to restaurants, cafes and cellar doors, at a total cost of approximately $190m.
The cash grants will be available to help cover a business’ ongoing or outstanding operating costs, such as rent, power bills, supplier and raw materials costs and other fees. Premier Steven Marshall said the emergency financial relief was part of the State Government’s strong plan to support South Australians through the ‘greatest economic challenge of our time’.
“Small businesses are the lifeblood of our community and underpin our state’s economy and we will do everything in our power to ensure they have immediate support so they have the best chance of getting through to the other side,” said Premier Marshall.
To be eligible, businesses and not-for-profits including eligible sporting and community organisations will need to:
- Employ people in South Australia as at 1 March 2020.
- Have annual turnover of more than $75,000 (GST exclusive).
- Have an annual payroll of less than $1.5 million, and not be entitled to a payroll tax waiver under COVID-19 support measures introduced by the South Australian Government.
- Have an ABN and were carrying on the operation of the business in South Australia on 1 March 2020.
- Have been subject to closure or highly impacted by COVID-19 related restrictions.
- Apply by 1 June 2020.
- Use the funds to support activities related to the operation of the business.
- Not engage in illegal activity.
- The business has received any South Australian Government grants provided to address COVID-19 related business impacts, the value of these payment(s) will be deducted from the $10,000 grant.
- The business is part of a group of companies that is registered for payroll tax and will receive the payroll tax waiver, the business is ineligible for this grant.
Applications for the grant are now open and will be available until 1 June 2020.
To complete the form you will need the following:
- Recent Business Activity Statement
- Bank account details
- Evidence of eligibility for JobKeeper (where applicable), such as a screen shot of your eligibility confirmation form the ATO or a bank statement demonstrating receipt of JobKeeper payments.
- Where the entity was operating in 2018-19, evidence of turnover such as 2019 income statement
- Not-for-profits not registered for GST are required to attach evidence that turnover in 2018-19 or 2019-20 is above $75,000.
- A vaild email address.
If you would like to apply for the grant following the link below:
If you have any queries regarding your personal situation please don’t hesitate to contact us.