Cash Grant Lifeline for SA Businesses
The Government of South Australia has today announced emergency cash grants for small and medium-sized businesses affected by the state’s seven-day lockdown.
This new Business Support Package will assist an estimated 50,000 eligible businesses across the state that have suffered a significant loss of income or been forced to close and will be worth approximately $100 million.
The one-off emergency cash grants will be worth either $3,000 or $1,000 (for eligible small businesses that do not employ staff). The State Government will also provide fully-funded payments of up to $600 per week for eligible workers in regional SA, who live or work outside of the Commonwealth-declared ‘hotspot’ local government areas.
The Commonwealth’s COVID-19 Disaster Payment scheme provides $375 per week for those workers who have lost between 8 and less than 20 hours’ work, or have lost a full day of work, and $600 per week if a person has lost over 20 hours’ work.
In order to be eligible for the one-off $3,000 emergency cash grant, 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
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, a non-employing business must meet the criteria listed above excluding the requirement to employ people.
The payments will be paid in arrears for the lockdown and anyone affected can apply through myGOV from Wednesday, 28 July.
Applications for the Business Support Grants are expected to open within two weeks on the Treasury Website.
Further support will also be considered if the lockdown is extended beyond seven days.
If you require any further information regarding the eligibility requirements or would like to discuss your options further, please do not hesitate to contact our office.
There is also eligibility checks that will continue to be updated as they relate to South Australia available at the following link:
Please don't hesitate to get in touch with your usual Jaquillard Minns contact if you need any assistance during this time.