What Lockdown Support Is Available To NSW Businesses?

If your business has been adversely impacted by the recent lockdown in NSW, support is coming.

The NSW and Federal Governments have announced a series of new measures to support business during extended lockdowns of four weeks or more.

• Up to $15,000 through the expanded NSW 2021 COVID-19 business grants program
• Up to $10,000 cashflow support per week
• NSW micro business grants
• NSW payroll tax deferrals and a 25% payroll tax waiver
• NSW rent protections and grants
• NSW sector support for the arts and accommodation sector

You can streamline the process of applying for business support by ensuring:

• Your business and contact details are up to date on the Australian Business Register
• Your personal and business details are up to date and you have a MyServiceNSW account with a business profile

Payroll tax relief

NSW payroll tax has been deferred for July and August 2021 until 7 October 2021 for all businesses. The due date for the 2020-21 annual reconciliation has also been deferred until 7 October 2021.

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Rent protections and grants

Commercial and retail rent protections will be reinstituted.

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Specific sector based support

A $75 million support package will be provided to the performing arts sector to be administered by Create NSW and a $26 million support package will be provided to the accommodation sector.

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