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Overview: Micro & Small Businesses In Lockdown

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As the COVID-19 situation continues to develop, you can find the information you need on government support at Service NSW.

 

Overview 

Earlier this month, the Federal and NSW governments announced a support package for businesses impacted by the Greater Sydney lockdown. This included three payment types, the first of which – the  COVID-19 business grant – was a one-off cash injection designed to offer small businesses fast access to funds that would help them pull through the first three weeks of stay-at-home restrictions. 

While this support measure is available until September, the remaining two payments – JobSaver and the COVID-19 micro-business grant – intend to help small businesses survive the duration of the NSW lockdown.

On Wednesday 27 July, these payments were given a boost by the NSW government. Whether you’re a micro or small business owner, read on to learn more about these payment types.

 

More Information Below:

What should I do next?

Head to the Service NSW website to make sure you meet the full eligibility criteria for either JobSaver or a COVID-19 micro-business grant.

Once you have all of your evidence ready – including proof of identity documents and a letter from your accountant or BAS agent you’ll then be able to apply through your MyServiceNSW account before 18 October 2021. Those that qualify for JobSaver should expect to receive funds within five to 10 days after their application has been approved. 

 

Is there anything else I should look out for when applying? 

According to CPA Australia, if the Service NSW online application form is showing errors, it could be due to the following:

  • For those that intend to apply for a COVID-19 micro-business grant, the application will ask if your wages expenses are below $10 million. Even if you’re a non-employing business,  be sure to click ‘yes.’ Service NSW will identify this as correct. 
  • Some small businesses and advisors are reporting an error message that relates to their bank account name. If you encounter this issue, simply shorten your entry in this field.

For more information on the types of support available, keep an eye on the Service NSW website.

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