South Australian Government Covid-19 Grants Available
On the 20th of July, the South Australian Government announced a lockdown for a period of 7 days. We know this puts additional pressure on both business owners and employees and this will have a financial impact, especially for our start-up and small business community. Thankfully the South Australian Government has recognised this impact and is providing grants to eligible businesses.
Recent CORE Start Mentor, Andrew Mattner, Director of Altitude Advisory has put together the following advice to help you make sense of what is available and how to access it.
What does this mean for Individuals & Small Businesses?
Individuals
For South Australian Residents, Individuals who have lost between 8 – 20 hours of work will be eligible for a $375-a-week Covid-19 Disaster Payment, with Individuals who have lost 20 hours, or more are entitled to receive $600-a-week during the period of the lockdown. This has been made available for Individuals state-wide.
South Australians who are forced to self-isolate are also eligible for one lump-sum payment of $1,500 to support and replace any loss of income.
Small Business
The State Government has also announced that it will provide cash grants of $3,000 for small to medium-sized businesses that have been impacted by the lockdown and cash grants of $1,000 will be made available for sole traders.
What are the Eligibility Criteria for Individuals & Small Businesses?
Individuals
You are an Australian Resident or hold a Visa that gives you the right to work in Australia
You are 17 years old or older
You are not getting any Income Support Payments, ABSTUDY Living Allowance, Dad and Partner Pay or Parental Leave Pay
You are not getting the Pandemic Leave Disaster Payment, a State or Territory Pandemic Payment or a State small business payment for the same period
You have lost income and don’t have any appropriate paid leave entitlements
Small Business:
Businesses are eligible for payments if they have a payroll of less than $10 million, with an annual turnover of $75,000 or more in 2020-21 or 2019-20
They must prove that their turnover will be reduced by at least 30 percent over the seven-day lockdown from July 20
They must also be located in South Australia, employ South Australians and have a valid Australian Business Number
Please Note:
Larger businesses will not be eligible to receive any funding support
Regional SA are not eligible for the federal grants, even though they are locked down, they were not declared a “COVID-19 hotspot”
Businesses will only be eligible for state grants at this stage
How to Apply
Individuals
For those Individuals affected, you can apply for payments through the myGov website as of Wednesday, 28th July 2021 and payments will be processed as quickly as possible. Click here to apply.
Small Business
The application period is expected to open within the next fortnight and businesses can register their interest on the SA Treasury Website. Click here to apply.
We hope this is helpful at this time and we are hoping (along with the rest of SA), that this will be over quickly.
If you would like to find out more about Andrew and the services he can offer, please don’t hetsiate to contact him direct.
Andrew Mattner
Director | Altitude Advisory
andrew.m@altitudeadvisory.com.au