Last week we shared news of the financial support measures being introduced by the Federal and NSW Governments, in response to the latest Covid 19 outbreak. These included:
1. NSW Government small business grants
2. The SME business support payments (JobSaver Program)
Applications for the small business grants opened yesterday and are due to close on 13 September. With the opening of the scheme, the Government also released more detail about the package, including eligibility criteria and the evidence required to prove a decline in turnover.
Purpose will support our ongoing clients in making the two-week turnover determinations for the small business grants. As per the guidance, any comparisons will be made to the same period in June and/or July 2019.
The JobSaver scheme opens next Monday 26 July. Beyond the initial press release, we do not yet have any further details on the JobSaver measure.