Small Business Support Program

If you’re a business, sole trader or not-for-profit organisation in NSW and you were unfortunately impacted by the Omicron wave of COVID-19 you may be eligible for a payment to support cashflow and maintain your employees.

Eligible businesses will receive one payment covering the 4-week period of February 2022, no payment is provided for January 2022.

For an employing business, the payment will be equivalent to 20% of weekly payroll for work performed in NSW:

• minimum payment will be $750 per week
• maximum payment will be $5,000 per week

Weekly payroll is calculated based on the most recent BAS lodged for a tax period that falls within the 2021-22 financial year. Help on how to calculate this can be found at Guidelines for calculating your weekly payroll

For non-employing businesses, such as a sole-trader, you may be eligible to receive a payment of $500 per week.

Applications are now open at https://mybusiness.service.nsw.gov.au/rebate/2022-small-business-support-program/ready-to-start and close on 31st March 2022. 

Is my Business Eligible?

To be eligible your business must:

• have been impacted by Omicron
• have an active ABN, operating in NSW on 1 January 2021
• have had an aggregated annual turnover between $75,000 and $50 million for the year ended 30 June 2021 or 30 June 2020
• have experienced a decline in turnover of 40% or more due to the impacts of COVID-19:
  • during January 2022, compared to January 2021 or January 2020
  • from 1st to 14th February 2022, compared to the same fortnight in February 2021 or February 2020.
• for employing businesses, have maintained your employee headcount from 30 January to 28 February 2022
• for non-employing businesses, such as sole-traders, show that the business is the primary source of income (50% or more of the total income) for the associated person.

Businesses who do not meet the above criteria may still be eligible to claim in certain circumstances. https://www.service.nsw.gov.au/2022-small-business-support-program-guidelines#alternative-circumstances

The funds are intended to cover business costs in curred due to the impacts of Omicron and may include:

• Salaries and Wages
• Utilities & Rent
• Financial, Legal and other advice
• Marketing and Communications
• Perishable Goods
• other Business Costs.