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We hope you are staying safe and well. There have been several developments in the past week with further government support for small and medium businesses.
The three major releases are the legislation of JobKeeper payments, rent relief for small and medium enterprises and NSW government grants of up to $10k. We’ve tried to explain these in plain English below so you know how they might work for your business.
If you have any further questions after reading this email, please don’t hesitate to contact us.
JOB KEEPER EXPLAINED
If you receive the $1,500 Job Keeper payment, this will be banked into your business account and you must pay as follows:
Employee stood down
Employee earning less than $1500 per fortnight
Employee earning more than $1500 per fortnight
|COMMERCIAL RENTAL WAIVERS AND DEFERRALS|
Small and medium businesses will now be granted rental waivers and deferrals under a mandatory Code of Conduct.
NSW SMALL BUSINESS GRANTS OF UP TO $10K
The NSW Government has announced small business grants of up to $10,000. I have detailed below the industries applicable and the eligibility criteria, please note the applications open on the 17th April and will remain open until 1st June 2020.
Eligible industries are those that have been subject to closure or are highly impacted by NSW Government health directions in relation to COVID-19 and include:
To be eligible, businesses will need to: