Further Top-up Payments as part of the Business Support Grant are now available for businesses in the Tourism, Accommodation, Arts, Events, Hospitality and Fitness industries that continue to be significantly impacted by COVID-19.

To receive Top-up payments, you will need to provide supporting evidence in the form of an Australian Income Tax Return or Business Activity Statements for the 2019-20 or 2020-21 financial year. This assists with the turnover assessment and reviewing your eligibility for the Top-up Payment; you will need to submit your application by 5pm 17 December.

This top up payment is also available to larger businesses with a turnover more than $2 million; just head to your SmartyGrants account and complete the “COVID-19 Business Support Grant Top Up Payment” form with your supporting evidence here.


If you’re not eligible for this sector specific top-up payment, the Small Business Hardship Scheme is still open for applications! The scheme reimburses eligible businesses for costs incurred for electricity, gas and rates paid between 1 July and 31 December 2021 and commercial vehicle registration paid between 1 January 2021 and 31 December 2021, up to the value of $10,000 per business, you can apply here.


As always, if you need assistance collating your supporting evidence, please do not hesitate to give us a call!

Applications will open for the ACT Small Business Hardship Scheme on the 15th November.

The Scheme will reimburse businesses for costs incurred for electricity, gas and rates paid between 1 July to 31 December 2021 and commercial vehicle registration paid between 1 January 2021 and 31 December 2021, up to the value of $10,000 per business.

To be eligible businesses must have:
• an annual turnover of more than $30,000 and less than $2 million;
• a valid and active ABN and if required be registered for GST on or before 1 April 2021 (please note, only one application can be submitted per ABN); and
• demonstrate primary operation in the ACT as at 1 April 2021.

*If you have already applied for a COVID-19 Business Support Grant (BSG), please have your BSG application reference number ready to include in this application so you don’t have to re-supply information you may have already provided.

Applications will remain open until 31 January 2022.

Read more and learn how to apply here: https://www.act.gov.au/business/business-support/covid-19-economic-support-for-business

As always, if you have any questions do not hesitate to contact our office!

Sincerely,

The Halletts Team

The ACT Government has announced new measures to assist businesses and individuals experiencing financial hardship due to the Covid-19 lockdown.

Residential – a 12 week moratorium on evictions for rent arrears for tenants who have experienced a loss of income as a result of the lockdown has been announced. Landlords who offer rent relief will be able to apply for a credit on their residential land tax of up to $100 per week to share the cost of passing rent relief onto tenants. More information regarding the application process will be made available online shortly.

Commercial – measures have been reinstated requiring commercial landlords to engage in good faith negotiations with business tenants whose operations have been impacted by Covid-19 health orders. Commercial landlords will be unable to terminate a lease without first discussing revised lease arrangements; landlords that do offer rent relief may be eligible for a commercial rates credit of up to $5,000 – a credit is also available for owner operators. The measures will apply for the full lockdown period from the 12th August.
In addition, the ACT Government will waive rent payments for the month of September for any business and community sector tenants of government-owned properties that have been affected by the COVID-19 lockdown. Tenants who have experienced a 30% decline in turnover in August will be eligible for a full waiver of their September rent payments.

To find out more about eligibility requirements, please visit the ACT Business Hub. 

As always, if you have any questions regarding the above, please do not hesitate to contact us!