Cash injection for struggling businesses
Businesses struggling with the Omicron wave of the pandemic have been offered new grants and support in NSW, SA and WA. We outline what's available and how to apply.
New South Wales
The NSW Small Business Support package provides eligible employing businesses with a lump sum payment of 20% of weekly payroll, up to a maximum of $5,000 per week for the month of February 2022. The minimum weekly payment for employers is $750 per week. Eligible non-employing businesses will receive $500 per week (paid as a lump sum of $2,000).
To access the package, businesses must have an aggregated annual turnover between $75,000 and $50 million, experienced a decline in turnover of at least 40% due to COVID-19 during January 2022, and maintain their employee headcount from 30 January 2022.
South Australia
The South Australian Government introduced two rounds of support: the Tourism, hospitality and gym grant ($6,000 for employing businesses with 30%+ turnover decline) and the Business hardship grant ($6,000 for employing businesses with 50%+ turnover decline).
Western Australia
The latest WA grant provides financial assistance of up to $12,500 ($1,130 for each impacted day) to small businesses in the hospitality, music events or arts sectors that were directly financially impacted by the Chief Health Officer's COVID Restrictions from 23 December 2021 to 4 January 2022.
- NSW: up to $5,000/week for employing businesses with 40%+ turnover decline
- SA: $6,000 grants for hospitality/gym businesses with 30%+ or 50%+ decline
- WA: up to $12,500 for hospitality, music events and arts sectors
Related Articles
More insights from our team on Business and beyond.
Ready to take action?
Talk to one of our experienced advisors today.
Cookie NoticeWe use cookies to enhance your experience, analyse site traffic, and support our marketing. By continuing, you agree to our Privacy Policy.