NSW Small Business, Hospitality & Tourism Support Grants

The following is a summary of the key aspects announced by the NSW Premier 29 June 2021 in response to small business, hospitality & tourism support grants which are to become available later in July 2021.

The NSW government is offering small businesses support grants to help alleviate cash flow constraints while trading is restricted, with expanded criteria to assist most hospitality and tourism operators.

Three different grant amounts will be available for small businesses depending on the decline in turnover experienced during the restrictions: $10,000 for a 70 per cent decline, $7,000 for a 50 per cent decline and $5,000 for a 30 per cent decline.

Businesses will be able to apply for the grants through Service NSW from later in July and will need to show a decline in turnover across a minimum two-week period after the commencement of major restrictions on 26 June. We understand this decline in turnover will be determined over any two week period in July 2021 compared with the same two week period in July 2019.

How do the grants work?

Available to businesses and sole traders with a turnover of more than $75,000 per annum but below the NSW government 2020–21 payroll tax threshold of $1,200,000 as at 1 July 2020. 

These businesses must have fewer than 20 full-time equivalent employees and an Australian business number (ABN) registered in New South Wales or be able to demonstrate they are physically located and primarily operating in New South Wales.

2. Hospitality and Tourism COVID-19 Support Grant.

Available to tourism or hospitality businesses that have a turnover of more than $75,000 and an annual Australian wages bill of below $10 million, as at 1 July 2020. These businesses must have an Australian business number (ABN) registered in New South Wales or be able to demonstrate they are physically located and primarily operating in New South Wales.

Please note that businesses will need to provide Service NSW an accountant statement that confirms a loss in revenue for the time period compared to the same time in July 2019.

Payroll tax deferrals would be available to all businesses. 

Full criteria will be available in coming days on the Service NSW website and we will provide you further updates when further information comes to hand.