Visit our COVID-19 page for information and advice on the assistance available for NSW residents and businesses.

Small business support grant

The NSW small business COVID-19 support grant of up to $10,000 is available to eligible NSW small business owners.

To be eligible, businesses will need to:

  • have between 1-19 employees and a turnover of more than $75,000

  • a payroll below the NSW Government 2019-20 payroll tax threshold of $900,000 

  • have an Australian Business Number as at 1 March 2020, be based in NSW and employ staff as at 1 March 2020 

  • be highly impacted by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020 issued on 30 March 2020 

  • use the funding for unavoidable business costs such as utilities, overheads, legal costs and financial advice 

  • provide appropriate documentation upon application.

Highly impacted industries

Eligible industries are those that have been subject to closure or are highly impacted by NSW Government health directions in relation to COVID-19 and include:

  • Retail trade

  • Accommodation and food service 

  • Rental, hiring and real estate services 

  • Administrative and support services 

  • Arts and recreation services.

For further eligibility criteria and the application form, visit Apply for the small business COVID-19 support grant.

JobKeeper payments

Small businesses that have been impacted by COVID-19 and employ workers can now register to receive the JobKeeper subsidy. This payment from the federal government is a subsidy to business owners that enables them to keep paying their workers even when revenue has declined.    

The amount of the JobKeeper subsidy is $1500 per fortnight for each eligible worker who was employed by the business on 1 March and who continues to work for the business. The subsidy amount of $1500 before tax per fortnight must be passed on to all eligible employees. The subsidy is available to businesses for up to 6 months. The program starts on Monday 30 March 2020, and businesses will receive the first JobKeeper subsidy payments in the first week of May.  

Eligible workers include:

  • full-time and part-time workers, including those who have been stood down
  • casual workers who have been employed for at least the past 12 months
  • Australian residents, New Zealand citizens in Australia who hold a subclass 444 special category visa, and migrants who are eligible for JobSeeker Payment or Youth Allowance (Other) 
  • self-employed individuals.

Eligible businesses include companies, partnerships, trusts, sole traders, not-for-profits and charities.

Workers can only receive the JobKeeper payment from one employer.

For more information, visit JobKeeper payment.

Register your interest at the ATO JobKeeper payment.

Small and medium enterprise (SME) guarantee scheme 

The Australian Government will guarantee 50% of the value of eligible business loans to small and medium enterprises impacted by COVID-19. Maximum loan value is $250,000 and there will be a repayment-free period of six months. For more information, visit Supporting the flow of credit fact sheet – PDF.

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

Sole traders who have suffered a decrease in income of at least 20% as a result of COVID-19 can apply to access their superannuation, to a total value of $10,000 this financial year, and another $10,000 next financial year. Withdrawals are tax free. For more information, visit Early access to superannuation – PDF.

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.

Financial institutions

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.