The NSW Government has announced a new business support package due to the Omicron surge, for businesses with turnover between $75,000 and $50 million.

The package, which commences from February 1, 2022 includes:

• A payment of up to $5000 per week (20% of payroll) for businesses with turnover between $75,000 and $50 million who suffered a 40% downturn in January and project to do the same in February;
• The Small Business Fees and Charges rebate program extended to $3000, and can include 50% of the costs incurred to acquire RAT’s for the workplace;
• Commercial landlord relief extended until 13 March.

“Business has been crying out for support because of the dramatic impacts that Omicron has had on their operations, especially in what many hoped would be their busiest time,” said Business NSW Chief Executive Daniel Hunter.

“The Government has done a great job in designing a package that will help a wide variety of business owners who’ve suffered a downturn in their operations through no fault of their own, and now what’s important is that the money gets out the door and into the hands of those most in need,” Mr Hunter said.

“Our most recent Business Conditions Survey published earlier this month found 40% of businesses had cashflow to last them for the next three months, so this relief will be widely embraced by the business community across NSW.

“What’s crucial now is that customers have the confidence to return to businesses and do their shopping in a safe manner.

“Businesses are doing the right thing in ensuring their staff are healthy before commencing shifts – together the economy can roar back into life if we abide by the rules and return to our favourite businesses,” Mr Hunter said.

For assistance regarding this latest support package or for any other enquiries, please contact the team at Tribel Accountants.