With the increasing number of COVID-19 cases and implementation of Level 1 and Level 2 Public Health and Social Measures, the WA government has announced new COVID-19 Business Assistance Packages.
With the increasing number of COVID-19 cases and implementation of Level 1 and Level 2 Public Health and Social Measures, WA government has announced new COVID-19 Business Assistance Packages for the businesses adversely affected thereof.
At present there are mainly three Business Assistance Packages available. A quick summary is as below:
Small Business Assistance Grant – December 2021
Available to small businesses operating within the hospitality sector, the music and events industry or creative and performing arts sector who were directly impacted by the Chief Health Officer's COVID Restrictions from 23 December 2021 to 4 January 2022.
Small Business Rental Relief Package
Tenant Rent Relief Scheme
Small Business tenants can apply for rental relief grants of $3,000.
Eligibility Criteria:
- Have an annual turnover of more than $50,000.
- Have a valid and active Australian Business Number (ABN).
- Have an Australia-wide payroll of less than $4 million.
- Have a tenanted premises located in WA.
- Be able to demonstrate a 30 percent reduction in revenue for any four-week consecutive time frame between 1 January 2022 to 30 April 2022.
Landlord Rent Relief Incentive
Landlords who voluntarily match the Government's Tenant Rent Relief payments of $3,000 per tenant will be eligible for an incentive payment of $1,500.
Alfresco Support Package
Small businesses in the hospitality sector may be eligible for up to $5,000 reimbursement of eligible costs associated with creating and expanding an alfresco area.
Small Business Hardship Grants Program
Open to all eligible businesses that meet the criteria – including the hospitality, arts and events industries. Payments to eligible businesses will be according to business size:
- Sole traders (non-employing businesses): $3,000
- Micro businesses (1-5 employees): $7,500
- Small businesses (6-19 employees): $20,000
- Medium sized businesses (employing 20 people or more): $50,000
Please feel free to contact your trusted advisor at Vivid Partners if you are one of the small businesses impacted.