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NSW Government Package Updates

NSW goverment COVID grants update
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13 April 2020

The NSW Government has announced that it will offer land tax concession to commercial landlords who should then pass the savings to their commercial tenants affected by the economic effects of the COVID-19 pandemic. Eligible landlords, who will have to offer their tenants a rent reduction, will be able to apply for a land tax concession.

For more information click here.

3 April 2020

The NSW Government has just announced thousands of small businesses battling with the COVID-19 shutdown across NSW will receive grants of up to $10,000 under a new assistance scheme.

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.

Applications for a small business grant of up to $10,000 are now open through Service NSW and remain open until 1 June 2020. Click here to apply.

Click here for more details.

27 March 2020

The second stage of the NSW Government economic package. Click here for more details. 

Keeping jobs and businesses afloat:

  • the creation of a $1 billion Working for NSW fund to sustain business, create new jobs and retrain employees.
  • deferral of payroll tax for business with payrolls over $10 million for six months
  • deferral of gaming tax for clubs, pubs and hotels, and lotteries tax for six months, conditional on these funds being used to retain staff.
  • deferral of the parking space levy for six months

Helping the vulnerable

  • $34 million boost in funding to prevent homelessness
  • $30 million to boost the Energy Accounts Payments Assistance scheme
  • $10 million to support charities and $6 million additional funding for Lifeline’s operations in NSW.
  • deferral of rents for six months for commercial tenants with less than 20 employees in all Government-owned properties.

17 March 2020

The NSW Government COVID-19 package. Click here for more details.

Health 

  • $700 million in extra funding for NSW Health.

Business

  • $450 million for the waiver of payroll tax for businesses with payrolls of up to $10 million for three months
  • $56 million to bring forward the next round of payroll tax cuts by raising the threshold limit to $1 million in 2020-21
  • $80 million to waive a range of fees and charges for small businesses including bars, cafes, restaurants and tradies
  • $250 million to employ additional cleaners of public infrastructure
  • more than $250 million to bring forward maintenance on public assets
  • $500 million to bring forward capital works and maintenance

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