Financial Support for SA Small Businesses

After our state has been flung into a 7 day lockdown with only a few hours notice, the South Australian Government has announced a $100 million dollar support package for SA businesses during this lockdown period.

The new Business Support Package is designed to assist businesses cover ongoing costs such as rent, power bills, raw material costs, other fees and be able to re-open when the restrictions ease.

A $3,000 grant will be available if your business meets the following criteria:

  • Located in South Australia

  • Employ people within South Australia

  • Have payroll of less than $10 million,

  • Have an annual turnover of $75,000 or more (in 2021 or 2020 financial years) and are GST registered

  • Turnover is reduced by at least 30 per cent over the 7 days from 20th July 2021 due to lockdown

A $1,000 cash grant for non-employing businesses is available, provided they meet the above criteria excluding the payroll provision.

The SA Government will consider the potential of further support if the lockdown extends beyond this initial 7 day period.

To register your interest in the business support cash grants, South Australian businesses are encouraged to complete the form at https://forms.sa.gov.au/#/form/60f68a6dad9c5b0b147a6424

Applications for the grant is expected to open within the next two weeks via the Treasury website (www.treasury.sa.gov.au)           

 

COVID-19 Disaster Payments

The Australian Government has declared Adelaide Metro, Adelaide Hills and Gawler areas as Hotspot locations which are applicable for the COVID-19 Disaster Payments. 

Under this scheme it provides $375 per week for those workers who have lost between 8 and 20 hours per week or have lost a full day of work; and $600 per week if a person has lost over 20 hours of work.

South Australian Government has declared they will match these payments to all South Australians workers who are outside the Commonwealth Hotspot to ensure all South Australians are receiving the support they need.

Any person wishing to claim these payments can do via the Services Australia website soon at www.servicesaustralia.gov.au   

 

Source: Premier.sa.gov.au media release

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