Border Closure Critical Support Grant Program – Round Two
Posted on November 12th, 2021 by WLF
The State Government has announced a second round of the critical support grant for businesses impacted by lockdowns and border restrictions in other states.
Applications opened on 10 November 2021 at 10am and close 25 November 2021 at 2pm.
Please note: If you have received an email to apply for round two due to your successful application for round one, you do not need to submit a fresh application. You should have received a supplementary form to be completed.
Eligibility criteria – applicants who didn’t apply for round one:
- Be an active Tasmanian business with a minimum annual turnover of $25,000 (excluding GST) and be able to demonstrate being directly impacted by lockdowns in other states and current border closures from Saturday 26 June.
- Be registered for tax purposes in Australia and have a continuously active ABN since on or before 1 May 2021.
- Have suffered a 30% reduction in turnover as a direct result of lockdowns in other states and current border closures from 26 June 2021.
- Be registered (if required) and actively using the Check in TAS App, or register at the time of submitting an application.
Turnover reduction:
Applicants must demonstrate a reduction in turnover of at least 30% in any two week period between 25 October 2021 and 22 November 2021. This must be done by comparing the same two weeks in any of the years 2018, 2019 or 2020.
Supporting evidence will be required to demonstrate the reduction – this may be records from accounting software or an accountant or the business’ own records that would be used to support preparation of BAS or income tax returns. The records should detail income for the period and any impact of cancellations (e.g. refunds).
Grant amounts:
There are 5 grant amounts available, depending upon the turnover of the business.
|
Annual turnover of $25,000 up to $49,999 |
$3,000 |
|
Annual turnover of $50,000 up to $1 milllion Have no employees |
$6,000 |
|
Employ staff and annual turnover above $50,000 up to $1 million |
$15,000 |
|
Employ staff and annual turnover above $1million up to $5 million |
$25,000 |
|
Employ staff and annual turnover above $5 million up to $10 million |
$50,000 |
Annual turnover may be from the 2018-19, 2019-20 or 2020-21 financial years or 2020 calendar year. Turnover is defined as total sales of goods and services.
Application processing:
The grant is administered by the Department of State Growth. Applications will be assessed in order of receipt and approvals made in order of assessment. WLF encourages you to assess your eligibility and apply as soon as possible if eligible.
Please see the below link to the Department’s web page for further information and application process. WLF are of course ready to assist should you need us.
WLF Accounting & Advisory, supporting Tasmanians to move forward through challenging times.
