Is the NSW 2022 Small Business Support Program JobSaver 2.0?
There is a tendency to describe the new NSW 2022 Small Business Support Program from Service NSW as ‘JobSaver 2.0’. So unfortunately it is a lot tighter to access and the support payments are nowhere near the level of the ‘original JobSaver program.
The NSW Government announced the new $1bn 2022 small business support package to help small and medium businesses affected by the Omicron outbreak.
While some features of the new payment are the same or like the former program, there are important distinctions. The most significant being that the 2022 Small Business Support Program payment is not a recurring fortnightly payment.
When does it open?
Applications for the 2022 Small Business Support Program (SBSP – doesn’t the Govt just love an unneeded acronym!) opened on Monday 14 February 2022 and close Thursday 31 March 2022.
Businesses will need to apply through the Service NSW website, or we can assist with your application.
Guidelines have now been released on the Service NSW website detailing the eligibility rules and application process for the Program. See here for full details.
Touted by the media as the “NSW JobSaver Extension” or “JobSaver Lite”, the 2022 SBSP will provide eligible businesses with a lump sum payment for the month of February as follows:
- Employing businesses: 20% of weekly payroll with
- Minimum $750 per week, and
- Maximum $5,000 per week.
- Non-employing businesses: $500 per week.
To be eligible, a business must:
- Have an ABN registered in NSW or operating in NSW as at 1 January 2021.
- Have an aggregated annual turnover of between $75,000 and $50 million (inclusive) for the year ended 30 June 2021 OR 30 June 2020.
- Decline in turnover of 40% or more (due to the impacts of COVID-19) during the month of January 2022 compared to January 2021 OR January 2020, and:
- A decline in turnover of 40% or more (due to the impacts of COVID-19) from 1-14 February 2022 compared to the same fortnight in February in the comparison year used for January.
- For an employing business, they must maintain the employee headcount from 30 January to 28 February 2022.
If you think you may be eligible, please contact us for assistance.
The Service NSW website sets out additional rules for non-employing businesses as well as limited alternative circumstances where businesses may be able to demonstrate they are eligible despite not meeting all of the eligibility criteria above.
How to apply
You can apply via the Service NSW website from mid-February. Most eligible businesses should receive the payment from within 5 to 15 days of applying.
There is another rebate
The NSW Government has also released a NSW Small Business Fees and Charges Rebate. This is aimed at supporting small businesses by reducing the cost of running a business during the COVID-19 period.
Notably, eligible businesses or not-for-profits only need to apply for the rebate once but can submit multiple claims until the full value of $2,000 is reached.
Funds can be used to offset the costs of eligible NSW and local government fees and charges due and paid from 1 March 2021.
These include, but are not limited to:
- food authority licences
- liquor licences
- tradesperson licences
- event fees
- registration fees for motor vehicles
- council rates.
A full list is available on the Service NSW website.
Still have questions? Please call our office today on 02 6362 8255 and we will be happy to assist.