**UPDATE** COVID-19 State Government Assistance for Businesses
There is no doubt that the COVID-19 lockdowns and restrictions have left their mark on many businesses with some regions and industries hit harder than others.
Some States and Territories are offering support for businesses and employers in the form of financial aid and grants.
Following is a state-by-state snapshot of the help currently available to businesses that have been financially affected by COVID-19.
All information is correct at time of publication but is subject to change. To stay up to date with the latest information, be sure to visit the relevant State Government website.
Business Support Grant – What you need to know!
The grant aims to provide a quick cashflow boost to assist Queensland businesses affected by of the lockdown that commenced on the 31st July 2021.
Who is eligible?
You may be eligible if you are a large business financially impacted by lockdown, operating within the hospitality and tourism sector, and located in one of the recognised eleven Queensland Local Government lockdown areas.
Small to medium businesses
You may be eligible if you are a small to medium business and have experienced 30% or more reduction in turnover because of the lockdown, irrespective of whether your business resides in one of the recognised eleven Queensland Local Government lockdown areas.
To be considered a small to medium business you must be able to demonstrate an annual turnover of $75, 000 per annum and an annual payroll in Queensland of up to $10 million.
How much can I claim?
The available grant amount is a one-off payment of $5,000.
How do I make a claim?
Information on how to apply for a grant, is expected to be made available shortly on the Queensland Government website. You will be able to apply for a grant online from mid August. The exact date is expected to be announced in the next few days.
Supporting evidence will be required to accompany all applications. Once a grant application has been approved, funds will be available within two weeks.