7. NSW Government Small Business $10,000 Grant
Applications for the $10,000 small business grant is now online and will be open until 1 June 2020.
https://www.service.nsw.gov.au/transaction/apply-small-business-covid-19-support-grant
It requires an account to be created and proof of identity documents submitted.
The government has put a figure on the decline in turnover of at least 75% compared to the same two-week period in 2019, as a result of the Coronavirus outbreak.
Small businesses not listed in guidelines can still apply for assistance and will be required to show evidence of a decline in turnover of 75 per cent compared to the equivalent period (of at least two weeks) in 2019.
For small businesses that are not on the list of highly impacted industries, a letter from an accountant confirming the decline in turnover will be required. The accountant’s letter must confirm the small business:
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has an annual turnover above $75,000
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sits below the NSW Government 2019-20 payroll tax threshold of $900,000
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had a decline in turnover of 75% or more by advising:
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the turnover for a 2-week period since 30 March 2020
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the turnover for the equivalent period in 2019 or a comparable period in 2019/2020 when the equivalent period is not an accurate representation of your usual or average turnover.
https://www.service.nsw.gov.au/small-business-covid-19-support-grant-guidelines
