Another lockdown has caused more disruption for South Australian businesses and workers. Find out about the state government’s financial relief package.
Lodge expressions of interest here and/or email [email protected]
Applications are expected to open in the next two weeks (from the time of writing) and will close at 11:59pm on 30 September 2021.
The impact of the pandemic on South Australia, and the country at large, is an evolving situation.
This blog summarises the potential relief options for affected businesses. Please note, while we aim to update this blog to the best of our ability, it is important to speak directly with your accountant and get the latest advice based on your needs.
Here’s some of the potential options available for South Australian business owners and workers to explore.
One-Off $3,000 Emergency Cash Grant
A $3,000 grant is available to eligible businesses.
To be eligible (as at 12:01am Tuesday 20th July 2021), your business:
– Must be located in South Australia
– Has an annual turnover of $75,000+ in 2020 or 2021
– Must be registered for GST
– Is an employer of people in South Australia
– Has an Australia-wide payroll of less than $10 million in 2020
– Has a valid ABN
– Has experienced a minimum of 30% reduction in turnover during period 20 July – 26 July 2021 due to restricted trading conditions (compared to the previous week)
One-Off $1,000 Emergency Cash Grant
A $1,000 grant is available to eligible businesses.
To be eligible (as at 12:01am Tuesday 20th July 2021), your business:
– Must be located in South Australia
– Has an turnover of $75,000+ in 2020 or 2021
– Must be registered for GST
– Has a valid ABN
– Has experienced a minimum of 30% reduction in turnover during period 20 July – 26 July 2021 due to restricted trading conditions (compared to the previous week)
Regional Workers $600 Income Support Payment
Income support is available to regional workers in South Australia.
To be eligible (as at 12:01am Tuesday 20th July 2021), you must:
– Live or work outside of the Commonwealth-declared ‘Hotspot’ local government areas (and, therefore, not entitled to the Federal Government’s $375 or $600 p/w support payments)
- At time of writing (21st July 2021 15:45), the declared hotspots are: https://www.pm.gov.au/media/commonwealth-income-support-way-sa-hotspots
COVID-19 Disaster Payment – To be Determined from 28th July 2021
To be eligible (as at 12:01am Tuesday 20th July 2021), you must be:
– An Australian resident or holder of a visa giving the right to work in Australia
– 17 years or older
– Not getting an income support payment, ABSTUDY Living Allowance, Dad and Partner Pay or Parental Leave Pay
– Not getting Pandemic Leave Disaster Payment, a state or territory pandemic payment or a state small business payment for the same period
– Impacted by loss of income and no appropriate paid leave entitlements
– The liquid assets rule for your event
Workers who have lost between 8 and 20 hours of work during week 20th July – 26th July 2021 may be eligible for $375.
Workers who have lost over 20 hours during week 20th July – 26th July 2021 may be eligible for $600.
Once approved, payments will be paid in arrears for the seven day period.Again, this is an evolving situation. Speak to your accountant and regularly check government websites, such as these pages for businesses and individuals, for the latest information on grants, payments, eligibility and restrictions.
Lodge expressions of interest here and/or email [email protected]
In uncertain times, it is important to get advice and work closely with an experienced accountant.
Contact us now to discuss your needs.
The information contained on this article is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.
Taxation, legal and other matters referred to on this website are of a general nature only and are based on Nitschke Nancarrow’s interpretation of laws existing at the time and should not be relied upon in place of appropriate professional advice. Those laws may change from time to time.
Nitschke Nancarrow specialises in accounting, tax and financial advice for superannuation. Contact us now for a no obligations discussion about your needs.
