A new COVID-19 Business Assistance Package has been announced for Western Australian businesses who have experienced a 50 per cent decrease in business for any two week period since 1 January 2022. This program will provide support to all eligible businesses that meet the criteria.
Small Business Hardship Grants
To be eligible for the Small Business Hardship Grants, businesses must:
Have a valid and active Australian Business Number (ABN).
Have an Australia-wide payroll of less than $4 million.
Be able to demonstrate a 50 per cent reduction in revenue for any two-week consecutive period between 1 January 2022 to 30 April 2022, compared to the equivalent period in 2021. An alternative period in 2021 may be used if the business did not operate at that time or it provides an inaccurate representation of the business' financial situation.
Eligible businesses that apply and receive funding from other recent business support programs, including the Level 1 COVID-19 Business Assistance Package, are also eligible to receive grants from the Level 2 package. Payments to eligible businesses will be according to business size:
Sole traders (non employing businesses) will be eligible for payments of $3,000
Micro businesses, with one to five employees, will be eligible for payments of $7,500
Small businesses, with six to 19 employees, will be eligible for payments of $20,000
Medium sized businesses employing 20 people or more, will be eligible for payments of $50,000
This program is open to all eligible businesses that meet the criteria - including the hospitality, arts and events industries.
Payroll tax waiver
Larger hospitality businesses that have a turnover of between $4 million and $20 million will be eligible for a three-month payroll tax waiver if they have experienced at least a 50 per cent drop in turnover over any four week period between January 1, 2022 and April 30, 2022, comparable to the same period last year.
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