This new program will help businesses survive the immediate impact of the Omicron wave.
Eligible businesses with a turnover of between $75,000 and $50 million that experienced a minimum 40% decline in turnover in January 2022 – and the first fortnight of February 2022 – can apply for support through this program.
Employing businesses will be eligible to receive 20% of weekly payroll as a lump sum for the month of February, with a minimum payment of $750 per week and a maximum payment of $5000 per week.
Non-employing businesses will receive $500 per week, paid as a lump sum of $2000.
The 2022 Small Business Support Program is for the month of February only.
Businesses can apply through Service NSW.
Most customers submitting complete and eligible applications through Service NSW should receive payment within 5 to 10 days of approval.
Payment timeframes can sometimes be extended if applications are:
- require additional verification
- potential fraudulent behaviour is identified.
Customers will be contacted by Service NSW and asked to provide any additional information they need to finalise their application.
The material and opinions in this article are those of the author and not those of AP Family Office. The material and opinions in the article should not be used or treated as professional advice and readers should rely on their own enquiries in making