The Commonwealth and NSW Governments will jointly fund a new Small to Medium Business Support payment to eligible (non-employing and employing) entities in NSW, including not for profits.

Small and Medium Business Support Payments

From week four of the lockdown, the Commonwealth will fund 50 per cent of the cost of a new small and medium business support payment to be implemented and administered by Service NSW.

Eligible entities will receive 40 per cent of their NSW payroll payments, at a minimum of $1,500 and a maximum of $10,000 per week.

Entities will be eligible if their turnover is 30 per cent lower than an equivalent two week period in 2019.

The new small to medium business support payment will be available to non-employing and employing entities in NSW, including not for profits, with an annual turnover between $75,000 and $50 million.

To receive the payment, entities will be required to maintain their full time, part time and long term casual staffing level as of 13 July 2021.

For non-employing businesses, such as sole traders, the payment will be set at $1,000 per week.

Businesses can register their interest from 14 July 2021 at Service NSW
The assistance will cease when current lockdown restrictions are eased or when the Commonwealth hotspot declaration is removed.

Commonwealth Business Tax Relief

The Commonwealth will also provide additional support through the tax system, by:

• Making NSW small business grants, including the new small business payments, tax exempt.
• Providing administrative relief to NSW taxpayers facing hardship, including reduced payment plans, no interest charged on late payments and varying instalments on request.

NSW Government Support Grant Extended

The NSW Government has extended and expanded the previously announced grants program with grants between $7,500 and $15,000 available to eligible businesses with annual Australian wages up to $10 million.

Three different grant amounts will be available for small businesses depending on the decline in turnover experienced during the restrictions – $15,000 for a 70 per cent decline, $10,000 for a 50 per cent decline and $7,500 for a 30 per cent decline.

Entities will be eligible if they:

• have an ABN registered in NSW or can demonstrate they are physically located and primarily operating in NSW as at 1 June 2021. Only one grant is available for a single ABN.
• have total Australian annual wages below $10,000,000 as at 1 July 2020.
• have an annual turnover of more than $75,000 for the year ended 30 June 2020.
• have business costs for which there is no other government support available.

Payroll Tax Relief

Payroll tax customers whose total grouped Australian wages for the 2021/22 financial year are $10 million or less AND who have had a decline in revenue of 30 per cent or more, will have their annual tax liability reduced by 25 per cent.

More information on this 25 per cent reduction will be provided by the end of August 2021.

Payroll tax customers have the option of deferring their payroll tax payments until 7 October 2021.

All customers are still required to lodge the 2020/21 annual reconciliation by the due date which has been extended to 7 October 2021.

In addition, customers have the option of deferring their payments for the July and August 2021 return periods until 7 October 2021.

Land Tax Relief

A landowner providing a reduction in rent to a tenant between 1 July 2021 and 31 December 2021 can receive a reduction in land tax payable for the relevant parcel of land.

The land tax reduction will be the lesser of:

• the amount of rent reduction provided to an eligible tenant for any period between 1 July 2021 and 31 December 2021, or
• 100 per cent of the land tax attributable to the parcel of land leased to that tenant.

You’ll be eligible if you’re leasing a parcel of land to:

• a commercial tenant, who has an annual turnover of up to $50 million and is eligible for the Micro-business COVID-19 Support Grant, the 2021 COVID-19 NSW Business Grant and/or the JobSaver scheme, or
• a residential tenant ,
• the tenant is in financial distress as a result of COVID-19,
• you reduce the rent of the affected tenant for any period between 1 July 2021 and 31 December 2021, and
• for 2021, you have land tax attributable to the parcel of land leased to that tenant.

Get Ready

To help avoid delays in completing your application:

• ensure your personal, contact and business details are up-to-date in your MyServiceNSW Account and your business profile
• if you don’t have one, create a MyServiceNSW Account and business profile.

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