Category
Alerts

Updated 16 August 2021

 

As you are aware, the State and Federal governments announced some support for businesses and individuals. We outline the latest details on the support grants below.

Businesses

Eligible business across Queensland that are adversely affected by the lockdown that commenced on 31 July 2021 may be eligible for an initial Queensland state government grant of $5,000.

To be eligible, a business must have:

  • experienced at least a 30% reduction in turnover as a result of the lockdown; and
  • a turnover of more than $75,000 per annum and annual payroll in Queensland of up to $10 million.

Grants are also available for large businesses in the hospitality and tourism sector operating in the 11 local government areas in the lockdown, subject to meeting eligibility criteria.

To be eligible, a business must have:

  • experienced at least a 30% reduction in turnover as a result of the lockdown; and
  • a turnover of more than $75,000 per annum and annual payroll in Queensland of up to $10 million.

Additional support package

Further to this initial payment, the Federal and State Governments will introduce an additional support package consisting of the following payments:

  • A $5,000 top-up payment to eligible small businesses with payroll of less than $1.3 million;
  • A $10,000 top-up payment to eligible medium sized businesses with payroll between $1.3 million and $10 million; and
  • A $25,000 top-up payment to eligible large tourism and hospitality businesses with payroll greater than $10 million.

In addition to this, the governments will provide a one off $1,000 grant to non-employing eligible sole traders.

Application process

The grant application process will be via the completion of an online form and the provision of supporting evidence. Grants are to be paid within 2 weeks of notification of approval. Applications for the initial $5,000 grant opened on 16 August 2021, and will remain open for three months.

Individuals

Australian residents over the age of 16 who have lost income due to a state restricted movement order and did not have appropriate paid leave entitlements may be entitled to claim payments from the Federal government via Centrelink.

The lost income needs to relate to the loss of usual income of 8 hours or more, or a full day’s scheduled work (including shifts of less than 8 hours). The announcements to date enable payments of $450 a week if the individual lost less than 20 hours of weekly work, and $750 if 20 hours or more of weekly work was lost.

To date the relevant date ranges are for the period from 1 to 7 August and also 8 August 2021.

Learn more

If you would like to discuss your eligibility or for further assistance, please contact Tom Howard, Linda Yang or your Pilot Advisor on 3023 1300.