Are you are a NSW business entity that has experienced reduced demand or has had to close due to the recent public health orders? The NSW government funded 2021 COVID-19 business grant provides cash flow support for your business.
Impacted businesses (and not-for-profit organisations) may be eligible for the NSW 2021 COVID-19 business grant.
Eligibility is dependent upon decline in turnover experienced over a minimum 2-week period from 26 June 2021 to 17 July 2021 with reference to a comparable period. This information should easily be determined from a report from your accountant, bookkeeper, or bookkeeping system.
Business Grant Frequency
- One-off Grant
Grant Amount
- Decline in turnover 30% + $7,500
- Decline in turnover 50% + $10,000
- Decline in turnover 70%+ $15,000
Eligible applicants across NSW can use the grant for business costs incurred from 1 June 2021.
COVID-19 Business Grant Eligibility
(subject to changes, for updates see NSW Services Eligibility):
To be eligible for the COVID-19 Business Grant, as advised by NSW Services you MUST:
- Have an active Australian Business Number (ABN)
- Demonstrate your business was operating in NSW on 1 June 2021
- Have had total annual Australian wages of $10 million or less on 1 July 2020
- Have had an aggregated annual turnover between $75,000 and $50 million (inclusive) for the year ended 30 June 2020
- Have business costs for which there is no other government support available
- Have experienced a decline in turnover of 30% or more due to the public health order over a minimum 2-week period from 26 June 2021 to 17 July 2021 compared to:
- the same period in 2019, or
- the same period in 2020, or
- the 2 weeks immediately prior to any restrictions of 12 June to 25 June 2021 (inclusive).
- For employing businesses, maintain your employee headcount from 13 July 2021 while receiving payments from this grant. See the guidelines for definitions.
- For non-employing businesses, have your primary income source come from this business. If you have more than one non-employing business, you can only claim payments for one business.
- For further information and to apply, visit Apply for the 2021 COVID-19 Business grant.
NSW Businesses that do not met the standard eligibility above Alternative rules for COVID-19 Business Grant in Attachment C.
You may also want to check if you are eligible for the NSW JobSaver Payment to help maintain staffing levels.
2021 COVID-19 Grant Funding May Be Used For
The COVID-19 Business Grant is for payment towards business costs incurred from 1 June 2021 to 17 July 2021. After this period the JobSaver scheme supports businesses with costs incurred from 18 July 2021 onwards. Business costs may include, but are not limited to, the following:
- Salaries and Wages
- Utilities
- Rent
- Financial, Legal or Other Advice
- Marketing and Communications;
- Perishable Goods
- Other Business Costs
IMPORTANT NOTE: The business grant must only be used for expenses for which no other government support is available. For example; grant funds cannot be used to pay government fees and charges that would be otherwise covered by the $1500 small business fees and charges rebate.
Application Dates
NSW 2021 COVID-19 Business Grant Application Closes at 11.59pm on 1 October 2021
Applications are now closed. Late applications will not be accepted. Call NSW Service for assistance on 13 77 88.
Method Of Application
To Apply for this Grant go to apply online.
For help with your online application, you can contact Service NSW on 13 77 88 to apply for the grant over the phone.
You need a MyServiceNSW Account to apply.
Click to create a MyServiceNSW Account
For further information on meeting the criteria of the Covid-19 Business Grant Application Click Here
If your Business is on the list of highly impacted industries, you’ll need to declare that you have experienced the 30% or more decline in turnover. For those in highly impacted industries the application process is fairly straightforward. For businesses outside those industries, however, you will need a letter from your a qualified accountant, registered Tax Agent or registered BAS Agent using the template provided.
If you can demonstrate that you meet the decline in turnover, we can provide the letter for you as a BAS Agent (No. 26110827).
If you are a business which employs staff, please also see the Grant for JobSaver payment.
What You Can Claim If You Do Not Have Employees Or You Have Multiple Businesses
If the business applying for the grant is a non-employing business, the business must be the primary income source for the associated person to receive this portion of the grant. Individuals with more than one non-employing business may only claim payments for one business.
Entering the Correct Tax Code Into Your BAS For 2021 COVID-19 Business Grant
The NSW 2021 COVID-19 Business grant is not assessable income, as is covered on the ATO Government grants and payments during COVID-19 page.
The 2021 COVID-19 Business grant is Not Reportable on the BAS Business Activity Statement. This means DO NOT code the 2021 COVID-19 Business grant GST Free, the 2021 COVID-19 Business grant is not a GST Free supply.
When using bookkeeping software, the BAS GST code for 2021 COVID-19 Business grant are:
- Xero = BAS Excluded
- MYOB = N-T
- Quicken Intuit = Out of Scope
How Your BAS Agents Can Assist With the Grant Application Process
As a BAS Agent, we study the eligibility guidelines for the grant programs in each state. These guidelines have been continually changing, and it is important to check before we sign the letter.
We take time to properly understand the information, collect records from you, and confirm that the information on the letter matches the requirements for the grant program. We store this information for our records should we be audited.
For new clients, we require a signed document in order to provide services. This document states in writing that no information such as other bank accounts or cash received in payments is being withheld. Once this document is received we will proceed in gathering the information required for the grant application letter from you.
The NSW COVID-19 Business Grant Closes on 1 October 2021.
If you need any help contact us now. Time is running out!