2022 Small business support program

The NSW Government has announced a Small Business Support Package to help small to medium businesses in response to the Omicron wave of Covid-19.
The 2022 Small Business Support Program is designed to help businesses survive the immediate impact of the Omicron COVID-19 strain.

• Eligible employing businesses will receive 20% of their weekly payroll as a lump sum for the month of February, with a minimum payment of $750 per week and a maximum payment of $5,000 per week.
• Non-employing businesses will receive $500 per week, paid as a lump sum of $2,000.

You may be eligible to apply for a payment under this program if you:

• have a business with a turnover between $75,000 and $50 million (inclusive) for the year ended 30 June 2021 or the year ended 30 June 2020; and
• experienced a decline in turnover of 40% or more due to public health orders or the impacts of Omicron during the month of January 2022, compared to January 2021 or January 2020; and
• experienced a decline in turnover of 40% or more due to the impacts of Omicron from 1 to 14 February 2022, compared to the same fortnight in February in the comparison year used above; and
• maintain your employee headcount as of 30 January 2022.

It is for the month of February only and businesses can apply through Service NSW from mid February.
For more information please see link below:
https://www.service.nsw.gov.au/transaction/2022-small-business-support-program/2022-small-business-support-program-guidelines

If you wish to discuss any of the above information please contact our office.