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Service NSW 2022 Small Business Support Program

Our business advisors are keeping abreast of updates regarding support available for small businesses and not for profit organisations.

If your turnover after Christmas has been impacted by 40% of more as a result of the Omicron wave of COVID-19 and operate a business or not-for-profit organisation in NSW, you may be eligible for a payment under the recently announced Service NSW 2022 Small Business Support Program.

Eligible Employing Businesses and Not-For -Profit Organisations will receive 20% of their weekly payroll as a lump sum for the month of February, with a minimum payment of $750 per week and a maximum payment of $5,000 per week.

Weekly payroll is to be determined by referring the most recent Business Activity Statement (BAS) provided to the Australian Taxation Office (ATO) for a tax period that falls within the 2020–21 financial year.

Eligible Non-Employing Business will receive $2,000, being $500 per week for the month of February.

Eligibility

To be eligible for the 2022 Small Business Support Program, your business or not-for-profit organisation must:

  • have an active Australian Business Number (ABN)
  • have been operating in NSW on 1 January 2021
  • have had an aggregated annual turnover between $75,000 and $50 million (inclusive) for the year ended 30 June 2021 or 30 June 2020
  • have experienced a decline in turnover of 40% or more due to the impacts of COVID-19:
    • during January 2022, compared to January 2021 or January 2020; or
    • from 1 to 14 February 2022, compared to the same fortnight in February 2021 or February 2020
  • for employing businesses, maintain your employee headcount from 30 January 2022 to 28 February 2022
  • for non-employing businesses, the business income must be the primary income source (50% or more of the total income) for the associated person.

How to apply for the 2022 Small Business Support Program

If you require assistance with checking your business’ eligibility, please contact your CP1 adviser, or via [email protected] or 1300 360 186.