360Private

New Support Package for businesses impacted by COVID-19 restrictions.

The South Australian Government has introduced various support packages for SA businesses impacted by the health restrictions put in place from 27th December 2021.

New grants are available to eligible businesses across the state’s tourism, hospitality, gym/fitness and major event industries, as well as a general Business Hardship Grant.

Business Hardship Grant

Eligible businesses will be provided with a once-off $6,000 grant. An additional $2,000 will be available for eligible businesses that operate from a commercial premise located in the Adelaide CBD.

To meet the criteria the business must have:-

  • A valid and active ABN and be operating in South Australia;
  • Be registered for GST;
  • Employ people in South Australia;
  • Have an Australian grouped payroll of less that $10 million in the 2019-20 or 2020-21 financial year; and
  • Have a reduction of turnover of at least 50% during the defined restriction dates due to the impact of Covid-19 restrictions.

Tourism, Hospitality & Gym Grants

There is targeted support available in the tourism, hospitality and gym sectors. Where these businesses have received a previous COVID-19 support grant, an automatic payment will be made without an application required to be completed.

Employing businesses may be eligible for a turnover based payment if they have been required to operate under a 1 person per 7 square metre density restriction. Employing businesses will also need to declare that they have experienced at least a 30 percent reduction in turnover due to the restricted trading conditions during the defined restriction dates.

Major Events Grant

A Major Events Support Grant has been announced to support South Australian organisers of major public events scheduled during the defined restriction dates.

For full details of eligibility, the application process, as well as full payment information, please visit the SA Treasury website.

COVID-19 Business Grants | Department of Treasury and Finance

Alternatively, please contact our office for further information on 8291 2111.

Recent posts

  • Director Identification Number (Director ID)

    Written by 360Private

    Published: 05 November 2021

     Director Identification Number Following the recent introduction of Director Identification Number (Director ID) measures, you will be required to register for a Directors ID if you’re a Director of a company, registered Australian body, registered foreign company or Aboriginal and Torres Strait Island corporation. The new Australian Business Registry Services (ABRS) is responsible for administering the initiative. This Director ID is a unique identifier that will be given to each individual director, or any new directors, to verify their identity. The Director ID is a 15-digit number will assist in preventing the use of false or fraudulent identities, as well as making it easier to trace Director relationships across multiple companies.
  • Important Superannuation Changes for Employers

    Written by 360Private

    Published: 08 October 2021

    Important Superannuation Changes for Employers From 1 November 2021, if you have new employees starting in your business, you may have an extra step to take to comply with choice of fund rules if the employee does not choose a super fund. You will now need to request the employee’s ‘stapled super fund’ details from the Australian Tax Office (ATO). A stapled super fund is an existing super account which is linked, or 'stapled', to an individual employee so that it follows them as they change jobs. These new changes aim to reduce account fees by stopping new super accounts being opened every time an employee starts a new job.
  • New Financial Support Package for SA Businesses

    Written by 360Private

    Published: 16 September 2021

    On Monday 9 August 2021, the Australian Government and Government of South Australia announced a new $3,000 cash grant program for businesses and $1,000 for sole traders in eligible industry sectors - such as hospitality, creative venues and artists, tourism, gyms and transport. South Australian businesses that continue to be significantly impacted by ongoing COVID-19 density and trading restrictions may be eligible for additional financial support. Businesses based in the Adelaide CBD may be eligible for an additional $1,000, acknowledging the significant decrease in city foot traffic.
  • Export grants on offer under revised Govt scheme

    Written by 360Private

    Published: 31 August 2021

    The State Government is offering up to $200,000 in grants to small and medium-sized businesses looking to expand into overseas markets, in a revamp of the SA Export Accelerator (SAEA) Program. First introduced in August 2018, the program has undergone a review, with the funding categories revised in a bid to give a greater pool of small to medium sized businesses access to the grants. New activities within the funding stream have been introduced to support exporters that are seeking entry to new markets. Due to changes in the criteria, companies that were once unable to apply may find that they can now access funding. The programme is administered by the Department of Trade and Investment and provides grants for activities such as marketing and promotion, freight and logistics, export training and market access support. To be eligible, businesses applying must be from one of the nine Growth State priority sectors, which are:
  • Covid-19 Business Support Grant

    Written by 360Private

    Published: 29 July 2021

    A new Covid-19 Business Support Grant has been announced by the South Australian State Government to assist small and medium businesses that suffer a significant loss of income as a result of the Covid-19 health restrictions. Eligible employing businesses can apply for a $3,000 cash grant, whilst a $1,000 cash grant is on offer to eligible non-employing businesses. To be eligible for the one-off $3,000 grant, a business must, as at 12:01am Tuesday 20 July 2021: Be located within South Australia; Have an annual turnover of $75,000 or more in 2020-21 or 2019-20 financial years, and be registered for GST; Employ people in South Australia; Have an Australia-wide payroll of less than $10 million in the 2019-20 financial year; Have a valid and active Australian Business Number (ABN); and Have experienced at least a 30 per cent reduction in turnover in the week of Tuesday 20 July 2021 to Monday 26 July 2021 (inclusive) compared to the week prior, due to the restricted trading conditions.

Financial health check

Whether it be a query about superannuation, investments, insurance, mortgage or any other financial based questions, get 360Private to check on your financial health.

Client testimonials

A very experienced team

The team from 360Private have been providing auditing and financial services to our Group of Companies for over 20 years.

We have remained a client over the duration as there has always been a very experienced team of diligent and reliable specialists available, uniquely qualified to support us in our engagement.

Read more ...

 

.

We use cookies

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.