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Another round of targeted Small Business Lockdown Assistance Grants have been announced by the WA Government to assist small businesses who were impacted by the recent four-day lockdown (from 12.01am on Tuesday 29 June, until 12.01am on Tuesday 6 July) and interim restrictions.
The Lockdown Compensation Grants are a WA government small business relief package. This is the second round of lockdown compensation grants, which offer assistance of up to $3,000 to small businesses who can demonstrate losses incurred for perishable goods, cancellations or other unforeseen costs as a result of the four-day lockdown and subsequent restrictions.
It is estimated that over 15,000 WA businesses are eligible for the grants which are intended to offset direct costs of the lockdown and business closure.
To be eligible for a lockdown compensation grant, your small business must meet the following criteria as per listed on the Small Business Development Corporation Website.
In short, to be eligible for this grant, you must be located within Western Australia, have an annual turnover of $75,000 or more and be registered for GST, have a valid and active ABN, have an Australia-wide payroll of less than $4 million in the 2019-20 financial year and be able to provide evidence that the primary business activity fits into one of the following Australian and New Zealand Standard Industrial Classification (ANZSIC) system categories:
You must also also be able to provide evidence that your business has either:
Visit the Small Business Development Corporation Lockdown Assistance Grants Program Round Two on the link below and complete and lodge your form online.
Forms must be lodged by 31 August 2021.
All information sourced from the Small Business Development Corporation website - https://www.smallbusiness.wa.gov.au/
Do you have questions about the Lockdown Assistance Grants, or would you like assistance in submitting an application? You can contact your Client Manager (if you are a current client), or one of our friendly Advisors (if you're not currently a Smith Shearer client), and we will be in contact with you shortly.