The Marshall Liberal Government has announced further business financial supports and stimulus packages as part of its omicron response plan. This new business support package, estimated to cost around $50 million and fully funded by the State Government, consists of:
Further grants of up to $22,000 for eligible* tourism and hospitality businesses, gyms and other businesses impacted by the 1 person per 7 sqm density restrictions**
Grants available include:
- $6,000 for employing businesses with annual turnover below $2 million***
- $20,000 for employing businesses with annual turnover above $2 million***
- $2,000 for non-employing businesses
- Plus an additional grant of $2,000 for eligible businesses with a commercial premise in the CBD
Grants will be automatically paid to businesses that received a COVID-19 Tourism, Hospitality and Gym Grant – turnover based payment – December 2021.
Other tourism and hospitality businesses, gyms and other businesses impacted by the 1 person per 7 sqm density restrictions that experience a reduction in turnover of 30 per cent or more over the period 10 January to 30 January 2022****, can apply for a grant.
Further grants of up to $8,000 under a Business Hardship Grant for other eligible* businesses
Grants available include:
- $6,000 for employing businesses
- $2,000 for non-employing businesses
- Plus an additional grant of $2,000 for eligible businesses with a commercial premise in the CBD
Grants will be automatically paid to businesses that received a COVID-19 Business Hardship Grant- December 2021.
Other businesses that experience a reduction in turnover of 50 per cent or more over the period 10 January to 30 January 2022****, can apply for a grant.
More additions to this package include:
- Extending the existing Major Events Grant to include events scheduled to be held up to 31 March 2022. The major events grant provides up to $100,000 for organisers of major events cancelled or postponed due to density restrictions introduced from 27 December 2021.
- Extending the payroll tax deferral for the remainder of 2021-22 for tourism and hospitality businesses, gyms and other businesses impacted by the 1 person per 7 sqm density restrictions upon application to RevenueSA
- Great State vouchers round 7 ($100 for CBD and $50 for regional accommodation) and round 8 ($200 and $100 vouchers for hosted tours and experiences). 160,000 vouchers will be available across both rounds, supporting accommodation and tourism operators across the State.
- $250,000 for the City of Adelaide/Adelaide Economic Development Agency to at least double the number of $30 vouchers available under the new Welcome Back food voucher promotion in the CBD.
- $1 million for the City of Adelaide to deliver a city-wide activation program ‘Adelaide Unleashed’
- $250,000 for the City of Adelaide to at least double the number of grants on offer under its StreetSide Activation Grant Scheme. The scheme will provide grants of up to $5,000 in value for eligible businesses to activate the area immediately outside its premises in the CBD.
- Free public transport to the CBD from midday Friday to midnight Sunday each week during Festival period (Friday 18 February and finishing on Sunday 20 March).
- $150,000 to the City of Adelaide to expand its existing business advice and support program, provided in conjunction with Business SA. Provides access to the Business Advice Hotline three times a year, and other advisory services (Accounting, Statutory and Compliance Information, Tenants’ Landlord Advisory Service, Mental Health Support Services, Digital Capability Coaching and Grants and Tenders Support).
Applications are expected to be open from 14 February 2022. Automatic payments should commence by 4 February 2022.
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*Businesses are subject to certain standard eligibility criteria, including having an Australia-wide grouped payroll of less than $10 million, having a valid ABN and being registered for GST
** Must fall within an eligible ANZIC code or be required to operate under the 1 person per 7 square metre density restriction
***Turnover based on 2019-20 or 2020-21
****Turnover decline over the period 10 January to 30 January 2022 is compared to the same period in 2019-20. Alternative comparison periods are available for businesses that commenced trading from 2019-20.