Today, the NSW Government announced a new grant package alongside changes to the Dine & Discover program. These changes are targeted to help tens of thousands of small businesses and people across NSW impacted by the current COVID-19 restrictions.

The package includes:

  • grants between $5000 and $10,000 for small businesses;
  • payroll tax deferrals for all employers;
  • an extension of the Dine & Discover program to 31 August; and 
  • the ability to use Dine & Discover vouchers for takeaway delivered directly to homes by the venue itself.

 

Small Business Support Grants

The centrepiece of the package is a small business support grant which will help businesses alleviate cash flow constraints while current restrictions limit trading. The grant can be used for business expenses for which no other government support is available, including rent, utilities and wages.

The new grant will be available across NSW, with three different grant amounts available for small businesses depending on the decline in turnover experienced during the restrictions:

  • $10,000 for a 70 per cent decline
  • $7000 for a 50 per cent decline
  • $5000 for a 30 per cent decline.

The small business grant will also be available for sole traders and non-for-profit organisations, with expanded criteria to assist most hospitality and tourism operators hit hard by the restrictions during school holidays.

Businesses will be able to apply for the grant through Service NSW in late July. They will also need to show a decline in turnover across a minimum two-week period after the commencement of major restrictions on June 26. 

The grant will be divided into two streams:

  1. Small Business COVID-19 Support Grant. Available to businesses and sole traders with fewer than 20 full-time equivalent employees and a turnover of more than $75,000 per annum but below the NSW Government 2020-21 payroll tax threshold of $1,200,000 (as of 1 July 2020).
  2. Hospitality and Tourism COVID-19 Support Grant. Available to tourism or hospitality businesses with a turnover of more than $75,000 and an annual Australian wages bill of below $10 million (as of 1 July 2020).

Both streams require businesses to have an Australian Business Number (ABN) registered in New South Wales or demonstrate that they are physically located and primarily operating in New South Wales.

 

Dine & Discover Program Vouchers

The package also includes relevant changes to the Dine & Discover program vouchers, including:

  • A further one-month extension of Dine & Discover vouchers until 31 August 2021, and
  • The ability to use Dine & Discover vouchers for takeaway from eligible and registered Dine businesses during the restriction period. 

Other key elements of the package announced today include:

  • More than $11 million in support for people at risk of homelessness plus assistance to vulnerable temporary visa holders, asylum seekers and refugees.
  • An optional deferral of payroll tax payments due in July 2021 and the deferral of hotel June quarter gaming machine tax, with the Chief Commissioner of State Revenue able to provide appropriate repayment arrangements on a case by case basis.

The full criteria required for the small business support grant and more information on the Dine & Discover program changes will be available shortly on the Service NSW website.