South Australian businesses including the states tourism operators are now able to access financial assistance through the State Government as part of a 100 million dollar support package.
$3000 emergency Cash Grants are available to SME’s that suffer from a significant loss of income, ot have been forced to close.
Premier Steven Marshall announced yesterday that the funding for Federal Government declared ‘hot spots’ will be available state-wide.
With an estimated 50,000 business eligible across the state, the grants are designed to help businesses cover ongoing operational costs and help them reopen when restrictions ease.
The major support package also includes a new $1,000 cash grant for eligible small businesses who don’t employ staff such as non-employing sole traders.
Income relief is also available which includes weekly lump sum payments of $375 for workers who lose between eight and 19 hours of work a week, and $600 for those who lose 20 or more hours.
How to access business support:
- Have an Australia-wide payroll of less than $10 million in 2019-20
- Have a valid Australian Business Number (ABN)
- Experienced at least a 30 per cent reduction (compared to the week prior) in turnover due to the restricted trading conditions
How to access individual income relief:
- Details about how to claim the Commonwealth COVID-19 Disaster Payment (including the matching income support payment for eligible SA individuals outside the Commonwealth declared hotspots) will soon be available on theServices Australia website.