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Keeping our finger on the pulse during COVID-19

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Connecting you with information on the financial assistance and government grants available to support your practice through COVID-19.

There is a wide range of grants and financial help available from both the State and Federal Governments for small businesses who have been adversely impacted by COVID-19 and resulting restrictions. However, knowing what you are eligible for and how to apply can be a confusing process. 

To help navigate this, see a summary below of the common support packages that may be applicable to medical professionals and private practioners in Victoria and New South Wales.

Where are you located?

 

vic government grantsNSW government grants

Victorian support available

Following recent announcements, applications are currently open for the following programs and grants:

Pandemic Leave Disaster Payment is a lump sum payment to help you during the 14 days you need to self-isolate, quarantine or care for someone. If you’re eligible, you’ll receive $1,500 for each 14 day period you self-isolate

Eligibility

You may be eligible if the Victorian Department of Health and Human Services or one of their agents has told you to self-isolate or quarantine. They need to have told you to self-isolate or quarantine for one of the following reasons:

  • you have coronavirus (COVID-19)
  • you’ve been in close contact with a person who has COVID-19, including being at a Tier 1 exposure site
  • you care for a child, 16 years or younger, who has COVID-19
  • you care for a child, 16 years or younger, who’s been in close contact with a person who has COVID-19, including being at a Tier 1 exposure site.

You may also be eligible if you’re caring for someone who has COVID-19. You must also meet all of the following:

  • you’re at least 17 years old
  • you’re an Australian resident or hold a visa that gives you the right to work in Australia
  • you’re unable to go to work and earn an income
  • your quarantine period or caring is on or after 5 July 2020
  • you have no appropriate leave entitlements, including pandemic sick leave, personal leave or leave to care for another person.

If you’re a member of a couple, you can both claim this payment. You and your partner must complete separate claims.

More details and how to apply

To claim, either:

You must make a new claim for each 14 day period.

For full eligibility details visit: https://www.servicesaustralia.gov.au/individuals/services/centrelink/pandemic-leave-disaster-payment-victoria

Victorian workers can apply for a $450 Coronavirus (COVID-19) Test Isolation Payment that provides financial support while they self-isolate to wait for the results of a coronavirus (COVID-19) test.

Eligibility
  • be 17 years and over
  • have been tested for coronavirus (COVID-19) or be the guardian or carer of someone who has been tested
  • live in Victoria
  • be likely to have worked during the self-isolation period and unable to work due to:
    • a requirement to self-isolate after the test
    • a requirement to stay in isolation to care for someone who is required to self-isolate
  • not receive income or salary during self-isolation
  • have exhausted sick and/or carers leave entitlements, including special pandemic leave, or have no entitlement to such leave
  • not be receiving Australian Government income support such as the JobSeeker payment, or be an employee subject to the JobKeeper payment
More details and how to apply

Applications are accepted online.
For full eligibility details and to start the application visit: https://www.coronavirus.vic.gov.au/450-coronavirus-covid-19-test-isolation-payment

 

The program offers grants of $10,000 to eligible small and medium businesses severely impacted by restrictions after 27 May 2021, who have experienced at least a 70% reduction in turnover.  

Eligibility
  • Located in Victoria
  • Holds an ABN on or after 28 July 2021
  • GST registration on or after 28 July 2021
  • Demonstrated reduction in turnover of at least 70% for a two-week period since 27 May 2021
  • Must not have received funding under any of the Victorian Government COVID-19 support packages launched on or after 27 May 2021
  • Employing businesses have additional criteria:
    • have an annual Victorian payroll of up to $10 million in 2019-20 on an ungrouped basis
    • be registered with WorkSafe Victoria
    • attest that the business is supporting its workers to access any paid leave entitlements, or that if a person can work from home, to work from home during the COVID-19 restrictions, and supporting their casual workers, where possible.
More details and how to apply

Applications are accepted online and close 10 September 2021.

A qualified agent can apply on behalf of the business or business owner can apply directly and include a letter in prescribed form signed by a qualified accountant, registered tax agent or BAS agent.

For full eligibility details and to start the application visit: https://business.vic.gov.au/grants-and-programs/small-business-covid-hardship-fund#eligibility

The program offers grants of $4,800 to eligible businesses, including employing and non-employing businesses, depending on their industry sector.

Eligibility
  • Not received a grant under the Business Costs Assistance Program Round Two
  • Located in Victoria
  • Registered as operating in an eligible industry sector on the List of Eligible ANZSIC classes. The healthcare sector covers Dental Services, Optometry and Optical Dispensing, Physiotherapy, Chiropractic and Osteopathic. Check the full list for details.
  • Cannot operate or incurred direct costs due to the July 2021 COVID-19 restrictions
  • Holds an ABN on or after 15 July 2021
  • GST registration on or after 15 July 2021
  • Employing businesses have additional criteria:
    • have an annual Victorian payroll of up to $10 million in 2019-20 on an ungrouped basis
    • be registered with WorkSafe Victoria
    • attest that the business is supporting its workers to access any paid leave entitlements, or that if a person can work from home, to work from home during the COVID-19 restrictions, and supporting their casual workers, where possible.
More details and how to apply

Applications are accepted online and close 20 August 2021.
For full eligibility details and to start the application visit: https://business.vic.gov.au/grants-and-programs/business-costs-assistance-program-round-two-july-extension#eligibility

The program required commercial landlords to provide proportional rent relief in line with the business’s reduction in turnover. At least half of the rent relief has to be in a form of a waiver unless the parties agree otherwise.
Participating landlords will receive 25% land tax relief in addition to any previous relief.
Small landlords experiencing acute hardship will be eligible to apply for payment from the hardship fund. Details are yet to be released.

Eligibility
  • Business annual turnover of less than $50 million and
  • Demonstrated decline in turnover of at least 30% due to impact of coronavirus.
More details and how to apply

Tenants can access the rent relief by negotiating in good faith with their landlords. If unable to reach an agreement, a free mediation support can be provided by the Victorian Small Business Commission.

To find out more visit: https://www.vsbc.vic.gov.au/fact-sheets-and-resources/faqs/#commercial-tenancy-relief-scheme-reintroduced-28-july-2021-victorian-government-faqs

The program provides wage subsidies of up to $20,000 for eligible employers who hire eligible jobseekers. Wage subsidies can be used to meet the costs of taking on new employees for the first 12 months of employment.

Eligibility

To qualify for the subsidy, the business must employ someone from at least one of the priority groups outlined below.

  • women aged over 45 years
  • jobseekers who are long-term unemployed (unemployed for six months or more)
  • jobseekers registered with a Jobs Victoria partner
  • Aboriginal and/or Torres Strait Islander people
  • people with disability
  • people seeking asylum/refugees
  • newly arrived migrants from non-English speaking backgrounds
  • young people aged under 25
  • people over 45 years
  • veterans
  • people previously employed under the Working for Victoria initiative.

The business must hire employees from these priority groups before applying to the fund. There are further extensive requirements on employment conditions and entitlements. The funding is provided in stages and each stage has own requirements.

More details and how to apply

To access the full eligibility criteria and apply for the subsidy visit: https://jobs.vic.gov.au/about-jobs-victoria/our-programs/jobs-victoria-fund#guide

Eligible businesses could save up to up to 85% of the full installation price by making the switch to more efficient equipment and up to 15% in annual energy operational costs.

Eligibility

Small businesses must:

  • Have 1 to 19 employees
  • Have a commercial (non-residential) premises.

All equipment upgrades need to go through a registered Accredited Provider who can discuss how they can deliver a discounted energy-efficiency upgrade for the business.

More details and how to apply

For more details and to register your interest visit: https://business.vic.gov.au/grants-and-programs/small-business-energy-saver-program

The initiative offers a rebate of up to 80 per cent of cleaning costs (capped at $10,000 per site) to eligible businesses where a person suspected or confirmed to have coronavirus has been on the premises or worksite when they may have been infectious.

Eligibility
  • Operate from a worksite or premises in Victoria where a person suspected or confirmed to have COVID-19 has been onsite
  • Have undertaken a ‘deep clean’ or ‘decontamination clean’ of the affected worksite
  • Have evidence of the expenditure
  • Hold an ABN
  • Have an annual payroll of less than $3 million
  • Be registered with WorkSafe if employing people.
More details and how to apply

For full eligibility criteria and to apply for the grant visit: https://business.vic.gov.au/grants-and-programs/covid-safe-deep-cleaning-rebate

To access the full list of financial assistance available, click on the button below.

NSW Support Available

Following recent announcements, applications are currently open for the following programs and grants:

Pandemic Leave Disaster Payment is a lump sum payment to help you during the 14 days you need to self-isolate, quarantine or care for someone. If you’re eligible, you’ll receive $1,500 for each 14 day period you self-isolate

Eligibility

You may be eligible if NSW Health has told you to self-isolate or quarantine. They need to give you these directions for any of the following reasons:

  • you have coronavirus (COVID-19)
  • you’ve been in close contact with a person who has COVID-19
  • you care for a child, 16 years or under, who has COVID-19
  • you care for a child, 16 years or under, who’s been in close contact with a person who has COVID-19.

You may also be eligible if you’re caring for someone who has COVID-19. You must also meet all of the following:

  • you’re at least 17 years old and live in New South Wales
  • you’re an Australian resident or hold a visa that gives you the right to work in Australia
  • you’re unable to go to work and earn an income
  • you have no appropriate leave entitlements, including pandemic sick leave, personal leave or leave to care for another person
  • your period of quarantine is after 17 September 2020.

If you’re a member of a couple, you can both claim this payment. You and your partner will need to complete separate claims.

More details and how to apply

To claim, either:

You must make a new claim for each 14 day period.

For full eligibility details visit: https://www.servicesaustralia.gov.au/individuals/services/centrelink/pandemic-leave-disaster-payment-victoria

Fortnightly tax-free payments of 40% of pre–COVID weekly payroll (from $1,500 to $100,000 per week for employing businesses) to help maintain employee headcount and provide cash flow support to impacted businesses and not-for-profits; $1,000 weekly for non-employing businesses and not-for-profits.

Applies from week 4 of lockdown:
from 18 July for the duration of the lockdown (due to end 28 August 2021).

Eligibility
  • an annual turnover between $75,000 and $250 million
  • an active ABN (only one application can be submitted per ABN)
  • proof you were operating in June 2021
  • proof that you experienced a revenue decline of 30% or more due to the lockdown
  • proof you’ve maintained your employee headcount from 13 July 2021 (employing businesses)
  • show that your business is your primary income source, if you’re a non-employing business such as a sole trader.
More details and how to apply

Applications are accepted online and close 18 October 2021.

For full eligibility details and to start the application visit: https://www.service.nsw.gov.au/campaign/covid-19-help-businesses/grants-loans-and-financial-assistance/covid-19-business-grants

A fortnightly tax-free grant of $1,500 to help impacted micro-businesses and not-for-profits that have a turnover between $30,000 and $75,000.

Applies from week 1 of lockdown:
from 26 June for the duration of the lockdown (due to end 28 August 2021).

Eligibility
  • an annual turnover between $30,000 and $75,000
  • an active ABN (only one application can be submitted per ABN), or proof you were operating in June 2021
  • experienced a revenue decline of 30% or more
  • proof you’ve maintained your employee headcount from 13 July 2021 (employing businesses)
  • show that your business is your primary income source, if you’re a non-employing business such as a sole trader.
More details and how to apply

Applications are accepted online and close 18 October 2021.

For full eligibility details and to start the application visit: https://www.service.nsw.gov.au/campaign/covid-19-help-businesses/grants-loans-and-financial-assistance/covid-19-business-grants

One-off tax-free grant of $7,500 to $15,000 (depending on your decline in revenue) to help impacted businesses and not-for-profits. If you are eligible for this grant, you may also be eligible for the JobSaver payment.

Applies to weeks 1–3 of lockdown:
26 June to 17 July.

Eligibility

You’re eligible if you have:

    • an annual turnover between $75,000 and $50 million
    • an active ABN (only one application can be submitted per ABN)
    • proof you were operating in June 2021
    • experienced a revenue decline of 30% or more
    • payroll up to $10 million at July 2020
    • proof you’ve maintained your employee headcount from 13 July 2021 (employing businesses)
    • show that your business is your primary income source, if you’re a non-employing business such as a sole trader
More details and how to apply

Applications are accepted online and close 13 September 2021.
For full eligibility details and to start the application visit: https://www.service.nsw.gov.au/campaign/covid-19-help-businesses/grants-loans-and-financial-assistance/covid-19-business-grants

If you are a sole trader, the owner of a small business or a not-for-profit organisation in NSW, you may be eligible for a small business fees and charges rebate of $1500.

This rebate helps businesses recover from the impacts of COVID-19 and encourages growth by reducing the cost of running a business. Eligible businesses or not-for-profits only need to apply for the rebate once, but can submit multiple claims until the full value of $1500 is reached.

Funds can be used to offset the costs of eligible NSW and local government fees and charges due and paid from 1 March 2021. These include, but are not limited to:

  • food authority licences
  • liquor licences
  • tradesperson licences
  • event fees
  • outdoor seating fees
  • council rates.

View the full list of eligible fees and charges.

Eligibility

To be eligible for this rebate, small businesses (including non-employing sole traders) and not-for-profit organisations must:

  • have total Australian wages below the NSW Government 2020-2021 payroll tax threshold of $1.2 million
  • have an Australian Business Number (ABN) registered in NSW and/or have business premises physically located and operating in NSW.

Note: Only one $1500 rebate is available for each ABN.

More details and how to apply

To apply for the rebate, you’ll need:

  • a MyServiceNSW Account
  • your proof of identity
  • your valid ABN/ACN
  • your business banking details for payment.

You will need to supply supporting documentation when applying for the rebate and each time you make a claim. For each claim you make, you will need to provide invoices and receipts showing payment of eligible fees or charges. Note: Each claim must be made separately, and you can only upload one receipt per claim.

For full eligibility details and to apply online visit: https://www.service.nsw.gov.au/small-business-fees-and-charges-rebate

To access the full list of financial assistance available, click on the button below.

If you have questions about the announced support or would like to discuss whether you or your practice are eligible, please contact your DPM Tax Consultant or book a phone or web appointment.

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