Applicants must retain all tax invoices, official receipts, bank statements, quotations or other similar records for assistance received under the scheme until five years after the closing day for applications for the eligible disaster.
Applicants must consent to the Department for Industry, Innovation and Science conducting an audit of documentation used to support an application to verify information provided, which may include contacting the nominated qualified accountant to verify the financial information provided.
If information in the application is found to be untrue or misleading, the matter may be referred to law enforcement authorities of the relevant Australian, state or territory government and penalties may apply.
Detailed terms and conditions for the Small Business Industry Support Grants will be included in the application form.
Definitions
Defined disaster area means the following Local Government Areas in South Australia for which the State will fund grants under this program:
- Alexandrina
- Berri Barmera
- Coorong
- Karoonda East Murray
- Loxton Waikerie
- Mid Murray
- Murray Bridge
- Renmark Paringa
- Pastoral Unincorporated Area
Eligible disaster means 2022-23 high water flows on the River Murray.
Farm Enterprise means a business that primarily carries on the activity of producing crops, livestock, forestry for the commercial production of products for consumers.
Not-for-Profit Organisation means:
- a charity registered with the Australian Charities and Not-for-profits Commission;
- a not-for-profit organisation which provides services to the community and doesn't operate for the profit or personal gain of its individual members, such that profits made must go back into the services the organisation provides and mustn't be distributed to owners, members or other private people- e.g., most sporting and recreational clubs, community service organisations, professional and business associations and social organisations.
Qualified Accountant means a currently registered member of a professional accounting body (i.e. CPA Australia, Chartered Accountants Australia and New Zealand or the Institute of Public Accountants).
Revenue means all gross income (before tax) from everyday business activities, including sales made over the internet, income from sales (cash and electronic) and foreign income. Gross income doesn’t include goods and services tax (GST).
Small Business is a business that:
- holds an Australian Business Number (ABN); and
- is not a public company within the meaning of the Corporations Act 2001; and
- employs fewer than 30 full time employees. That is, the sum total of all standard hours worked by all employees (whether full- time or part-time) is less than the number of standard hours which would be worked by 30 full-time employees. Standard hours are 35 hours.
- is a sole trader, partnership, private company or trust that carries on a small business and has been trading in 2022-2023 and prior to the eligible disaster event.