Small business support grant
Small and medium enterprise (SME) guarantee scheme
Taxi industry support package
The NSW government is providing support for owners of wheelchair accessible taxis (WATs) and currently operational taxis, who have been impacted by COVID-19.
The package will provide eligible owners with a $2,900 subsidy per vehicle to assist with on-road costs such as CTP insurance and registration.
Applications through Service NSW are expected to open in June 2020.
For more detailed information on the stimulus package, visit the Point to Point website.
Access to superannuation for sole traders
Expanded access to JobSeeker payments
Sole traders may apply for JobSeeker benefits, including the Coronavirus supplement, in the event that their income significantly declines. Unemployment testing for sole traders has been temporarily removed to enable sole traders to continue operating their business and access government support. Income testing will apply, meaning a sole trader can earn up to $1000 per fortnight in business activities before losing access to the payment. Eligibility criteria and application forms can be accessed via myGov.
Electricity and gas network relief package
Small businesses that are temporarily closed due to COVID-19 may be eligible for full electricity and gas tariff relief under a financial support package organised by Energy Networks Australia. Eligibility criteria apply, including usage figures and time limits. For more information, visit Energy Networks Australia.
The Australian Banking Association has announced banks will defer small business loan repayments for up to 6 months on business loans of up to $10 million. This support is available to landlords that opt in by contacting their banking institution directly. Landlords who organise loan repayment deferrals must agree not to terminate leases or evict current tenants for missed rental payments as a result of COVID-19. For more information, visit Australian Banking Association or contact your banking institution directly.
Facebook small business grants program
Facebook has announced a USD$100 million small business support scheme. The program includes cash grants and ad credits for up to 30,000 eligible businesses in 30 countries, including Australia. Applications are not yet open, but you can register with Facebook to receive updates.
Creative Kids digital small business grants
To support access to creative and cultural programs for children and assist service providers as they adapt to changing market conditions during COVID-19, the NSW government is offering eligible businesses digital adaptation grants of up to $5000.
Creative Kids providers who can clearly demonstrate adaptation of activities to online delivery may be eligible for the grant via Create NSW.