Business cash grants and income support announced for SA lockdown

Posted on 22/7/2021

Business Advisory

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Overview:

With thousands of South Australian businesses forced to close due to the latest COVID-19 lockdown, the State Government has revealed new financial support measures for affected small business and workers. Read on to find out if you are eligible and how you can access the new support.
South Australian Government COVID-19 support package

In response to the latest state-wide lockdown, the South Australian Government has announced a $100 million business support package, offering small and medium businesses an emergency cash grant of up to $3,000, while workers who have lost hours will be eligible for a COVID-19 Disaster Payment of up to $600 per week.

Business support

Up to 50,000 small and medium business across South Australia will be eligible for a one-off cash payment of $3,000 to assist them in managing the impacts of the latest lockdowns.

To receive the payment, your business does not necessarily need to be closed due to the lockdowns; however, you will need to demonstrate that you have experienced at least a 30%reduction in turnover due to the recent restrictions.

Non-employing businesses (e.g. sole traders), are also eligible for a one-off $1,000 payment to support them during the lockdown.

The full eligibility criteria for the new business support measures dictate that a business must, as at 12:01am Tuesday 20 July 2021:

  • Be located within South Australia
  • Have an annual turnover of $75,000 or more in 2020-21 or 2019-20, and be registered for GST
  • Employ people in South Australia
  • Have an Australia-wide payroll of less than $10 million in 2019-20
    • Have a valid Australian Business Number (ABN)
    • Experienced at least a 30 per cent reduction (compared to the week prior) in turnover due to the restricted trading conditions

To be eligible for the one-off $1,000 emergency cash grant for sole traders, a business must meet the criteria listed above excluding the requirement to employ people.

To register for the payments, businesses should email smallbusinessgrant@sa.gov.au

Worker support

In addition to Commonwealth funded COVID-19 Disaster Payments, the State Government has announced support for workers in regional South Australia.

Workers living in Commonwealth-declared hotspots (currently the Adelaide metro, Hills and Gawler regions) are eligible for:

  • A payment of $375 per week if you have lost between 8 and less than 20 hours’ work or have lost a full day of work.
  • A payment of $600 per week if you lost over 20 hours’ work.

The State Government has subsequently moved to match the Commonwealth commitment by making these payments available to workers living in regional SA, outside of the declared hotspots.

In addition, the State Government is seeking to confirm with the Commonwealth Government that microbusinesses not registered for GST will be eligible for the COVID-19 Disaster Payment of $600/$375 per seven-day period.

For more information, including how to claim the Commonwealth COVID-19 Disaster Payment, please visit the Services Australia website.

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