The South Australian state government has announced a second round of the Emergency Cash Grants for Small Businesses.
The cash grants will be available to help cover a business’ ongoing or outstanding operating costs, such as rent, power bills, supplier and raw materials costs and other fees.
The second round of Small Business Grants includes $10,000 grants for eligible small businesses that employ staff and are receiving JobKeeper from 28 September 2020.
And, unlike the first round of the State Governments small business Grant, the Grant also introduces $3,000 grants for small businesses that do not employ staff, are operating from commercial premises, and are receiving JobKeeper from 28 September 2020.
To be eligible, businesses and not-for-profits including eligible sporting and community organisations will need to:
- Have an Australian Business Number (ABN) and were carrying on the operation of a business in South Australia on 30 September 2020.
- Have an annual turnover of more than $75,000 (excluding GST) in either 2018-19 or 2019-20.
- Are a participant in the Commonwealth Government’s extended JobKeeper Payment scheme from 28 September 2020
- The enterprise does not engage in illegal activity
Employing Grant applicants also need to:
- Employ people in South Australia as at 30 September 2020 (see below)
- Have total Australian payroll of less than $1.5 million in either 2018-19 or 2019-20, and not be entitled to a payroll tax waiver or deferral under COVID-19 support measures introduced by the South Australian Government
Non-employing grant applicants also need to:
- be operating from a commercial premises (see below)
- not employ people in South Australia as at 30 September 2020*
To be considered an employee, staff must be under the control of the business, receive regular PAYG salary or wages, and have Pay As You Go Withholding amounts as well as superannuation paid by the employer. An owner, partner, or beneficiary of a trust is not considered to be an employee for the purpose of this grant.
Commercial premises are generally defined as properties that are zoned commercial and/or primary production land.
Applications for the grant are now open and will close at midnight 14 December 2020.
If you would like assistance in assessing your eligibility and/or processing your application, please do not hesitate to contact me.