Cash Support Relief Announced by the S.A Government

An immediate cash support relief of a $100 million-dollar package will be provided by the South Australian government. The cash grant is available for small to medium businesses, impacted significantly by the loss. Also, providing weekly support payments to the workers in South Australia. Affected by the new restrictions due to the Delta variant, the eligible businesses would include restaurants, cafes, hairdressers, nail salons, hotels, and fitness centers.

Key Points from the immediate Cash Support Relief package

For businesses operating in South Australia :

1. A new $1000 cash grant for eligible small businesses such as sole traders (who do not employ any staff members).
2. To improve the cash flow, an immediate $3000 grant will be provided to small businesses. This will help them to cover their operating bills and expenses such as utility bills or commercial rent.
3. The grant will apply to businesses, that have a payroll of less than $10 million.
4. Turnover of the business in the past two years should have been at least $75,000 or more. Also showing a decrease in business by 30 per cent due to the 7-day lockdown.

For eligible workers :

1. An income support payment of nearly $600 will be funded for individuals, losing more than 20 hours of work.
2. Individuals who lost between 8 to 20 hours of work, will receive $375 as a support payment.

This income relief package will be extended state-wide to support eligible South Australian residents. This immediate cash relief will be supporting approximately 50,000 businesses affected due to the imposed restrictions. For any further queries about the grant, please click on Covid Disaster Payment or speak to one of our accountants for further support.

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