QLD 2021 COVID-19 Business Support Grants
You have until 16th November to apply for the QLD COVID-19 Business Support Grants!
Who can apply for QLD COVID-19 Business Support Grants?
To be eligible, your business or not for profit organisation must:
- employ staff (employees must be on your payroll and does not include any business owners)
- have an Australian Business Number (ABN) continuously held from 30 June 2021
- be registered for GST
- have Queensland headquarters (i.e. your principal place of business is located in Queensland) and have been trading in Queensland on 31 July 2021
- not be insolvent, or have owners or directors that are insolvent or an undischarged bankrupt
- have an annual payroll of not more than $10 million (except for large businesses and not for profit organisations operating in an identified tourism and hospitality sector) during any of the 2018–19, 2019–20 or 2020–21 financial years
- have an annual turnover of over $75,000 during any of the 2018–19, 2019–20 or 2020–21 financial years
- Note: Businesses that have recently started can provide financial records to show they will reasonably meet this turnover requirement in the 2021–22 financial year
- demonstrate the business or not for profit organisation was directly or indirectly impacted by a lockdown event
- demonstrate or declare a reduction in turnover of 30% or more during a nominated 7-day period
- this must include at least 1 full day of a lockdown event when comparing against turnover achieved during the same 7-day period in July or August 2019
- or
- if the 2019 period does not indicate a typical weekly turnover (e.g. for a recently started small business or business that has experienced structural changes), include another comparable period (e.g. the same period in July/August 2020).
Can non employing sole traders apply for QLD COVID-19 Business Support Grants?
To be eligible for this one-off grant, you must:
- be an individual operating as a sole trader (this can include a non-employing business operating through a company, partnership or trust structure)
- not employ staff
- have a current Australian business number (ABN) continuously held since 30 June 2021
- be registered for GST
- have a principal place of business address in Queensland and the affected business was based and trading in Queensland on 31 July 2021
- not be insolvent, or have owners, directors, partners or trustees that are insolvent or an undischarged bankrupt
- have an annual turnover of more than $75,000 during any of the 2018-19, 2019-20 or 2020-21 financial years
- if you have not been trading for a full financial year, you would be able to provide financial records to show you will reasonably meet this turnover requirement in the 2021-22 financial year
- have been required to stop operating or had limited operations because of a Queensland lockdown event – or been affected by a Queensland lockdown event – during a nominated 7-day period (this must include at least 1 full day of a lockdown event)
- declare a reduction in turnover of 30% or more during the nominated 7-day period
- when comparing against turnover achieved during the same 7-day period in 2019
- or
- if the business was not trading during the same period in 2019 or the 2019 period does not indicate a typical weekly turnover, another comparable 7-day period can be used.
Let us know if you need help with the application or a letter confirming your turnover/ payroll and decline in turnover for the relevant period.