Small Business Lockdown Assistance Grant: Round 2
The Federal Government may declare these otherwise assessable grants to be tax-free.
Applications close at 11.59pm on 31 August 2021
Summary of Government assistance
Eligible businesses may be entitled to a $3,000 grant where they have (among other eligibility criteria):
- an annual turnover of at least $75,000 and are registered for GST;
- an Australia-wide payroll of less than $4 million in the 2020 financial year;
- suffered a defined financial loss or a 30% turnover reduction as a direct result of the lockdown period and be primarily operating in an industry significantly impacted by the lockdown.