South Australian small and medium-sized businesses forced to close as a result of the state’s lockdown (beginning 20 July 2021) may be eligible for a $3,000 emergency cash grant as part of a major financial assistance package announced by the Government of South Australia.
Small businesses who don't employ staff (ie. sole traders) may be eligible for $1000.
The $100 million Business Support Package will assist an estimated 50,000 eligible SMEs to cover ongoing operating costs such as rent, power bills, supplier and raw material costs and other fees.
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, and 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.
Applications for the grant are expected to open within the next two weeks via the SA Treasury website and grants will be processed as quickly as possible.
To register your interest in Business Support Grants, visit the SA Treasury website or email email@example.com.
Additional support for industries that continue to be impacted
South Australian businesses that continue to be significantly impacted by ongoing COVID-19 density and trading restrictions may be eligible for additional financial support.
On Monday 9 August 2021, the Australian Government and Government of South Australia announced a new $3000 cash grant program for businesses (and $1000 for sole traders) in eligible industry sectors—such as hospitality, creative venues and artists, tourism, gyms and transport.
Businesses based in the Adelaide CBD may be also eligible for an additional $1000, acknowledging the significant decrease in city foot traffic.
This new relief package targets businesses that have experienced a decline in turnover of 30 per cent or more over a two-week period as a result of trading restrictions imposed on July 28, 2021.
Applications will open Friday, 13 August 2021 and will close at 11:59pm on 17 October 2021.
Learn more: treasury.sa.gov.au/Growing-South-Australia/COVID-19