NSW Government Small Business Support Package

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On 30 January 2022, the NSW Government announced a Small Business Support Program to assist businesses with the costs and challenges associated with the Omicron wave of the pandemic.
Key Facts:
  • The 2022 Small Business Support Program is for the month of February.
  • Support will be provided for eligible businesses that:
    • had an aggregated annual turnover of between $75,000 and $50 million (inclusive) for the year ended 30 June 2021; and
    • experienced a decline in turnover of 40% or more due to the Public Health Orders or impacts of the Omicron COVID-19 strain, during the month of January 2022, compared to January 2021 or January 2020; and
    • experienced a decline in turnover of 40% or more due to the impacts of the Omicron strain from 1 - 14 February 2022, compared to the same fortnight in February in the comparison year (i.e. in 2021 or 2020) as used in the above criterion; and
    • maintain their employee headcount from the date of announcement of the scheme.
  • Eligible businesses will receive:
    • 20% of their weekly payroll as a lump sum for the month of February, with a minimum payment of $750 per week and a maximum payment of $5,000 per week.
    • Non-employing businesses will received $500 per week, paid as a lump sum of $2,000.
  • Businesses will be able to apply through Service NSW from mid-February.
  • More details will be published soon on the Service NSW website.
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