On 9 April 2020, the South Australian Premier, Steven Marshall, announced a one-off cash grant of $10,000 to small businesses and not-for-profits who employ people in South Australia.

This grant is targeted at employers who have had a significant downturn in business as a result of COVID-19, but will not benefit from the previously announced payroll tax concessions due to their payroll being under the $1.5 million threshold.

To be eligible for the cash grant, a business or not-for-profit must meet all of the following conditions:

  • Employ people in South Australia;
  • Have an annual turnover of more than $75,000 (GST inclusive) prior to the impact of COVID-19;
  • Have an annual payroll of less than $1.5m (if part of a group for payroll tax purposes, the group payroll must be less than $1.5 million);
  • Have an ABN and carrying on operations in South Australia on 1 March 2020;
  • Have been subject to closure or highly impacted by COVID-19 related restrictions;
  • Apply by 1 June 2020; and
  • Use the funds to support the activities of the business or not-for-profit.

Any business or not-for-profit which is eligible for the JobKeeper payment will be deemed to have been highly impacted by COVID-19.

This $10,000 grant will be reduced where a business or not-for-profit is eligible for other South Australian Government grants relating to the business impacts of COVID-19. The maximum total grant received will be the higher of $10,000 or the value of the other grant.

Applications are not open yet, but interested businesses can register their interest via the following link:

https://www.treasury.sa.gov.au/Growing-South-Australia/COVID-19/registration

Applications will remain open until 1 June 2020.

We are here to help. Please contact your HLB Adviser to discuss this grant in more detail.

For more information, visit HLB Mann Judd’s COVID-19 Resource Centre to help you and your business in this challenging time.