Institute of Certified Bookkeepers

State Information for Lockdown Rules and Support for Small Business

Around half of the population is either in lockdown or will be within a few hours, as multiple states and territories struggle with growing Covid-19 clusters.

Refer to your local state government for the latest responses to the coronavirus pandemic. You can also check restrictions in all states and territories using the COVID-19 Restriction Checker.

ICB are continuing to monitor and communicate to our members any Government announcements on support and financial assistance for those small businesses affected by the lockdowns.

Federal Support

The Australian Government is continuing with its Economic Recovery Plan by creating more jobs, training, and places to up-skill. Backing small business with incentives to invest and grow and providing tax cuts for working Australians.

ATO Information

Find out about the income tax and GST consequences of government stimulus measures to assist Australians impacted by COVID-19: ATO – We’re here to help

If you are worried you won’t be able to pay on time, or you’ve already missed a due date, the ATO have a range of options to support small business.

COVID-19 Disaster Payment – VIC, NSW & SA

NSW – Support

A new business support package will see small businesses with fewer than 20 full-time employees, and payrolls up to $1.2 million with turnover of $75,000 a year, receive support payments of up to $10,000.

Three different grant amounts will be available for small businesses depending on the decline in turnover experienced during the restrictions – $10,000 for a 70% decline, $7,000 for a 50% decline and $5,000 for a 30% decline.

The package includes grants of between $5,000 and $10,000 for small businesses, payroll tax deferrals for all employers, an extension of the Dine & Discover program to 31st August and the ability for people to use Dine & Discover vouchers for takeaway delivered directly to their home by the venue itself.

This is to alleviate cashflow constraints while trading is restricted. The support payments can be used for business expenses such as rent, utilities and wages, for which no other government support is available,

Sole traders are included, but if turnover is under $75k turnover then that sole trader would need to go to Services Australia for individual support.

Businesses will be able to apply for the grants through Service NSW from later in July and will need to show a decline in turnover across a minimum two-week period after the commencement of major restrictions on June 26th.

The grants will be divided into two streams:

  1. Small Business COVID-19 Support Grant. Available to businesses and sole traders with a turnover of more than $75,000 per annum but below the NSW Government 2020–21 payroll tax threshold of $1,200,000 as at 1st July 2020.
  2. Hospitality and Tourism COVID-19 Support Grant. Available to tourism or hospitality businesses that have a turnover of more than $75,000 and an annual Australian wages bill of below $10 million, as at 1st July 2020.

These businesses must have fewer than 20 full-time equivalent employees and an Australian Business Number (ABN) registered in New South Wales or be able to demonstrate they are physically located and primarily operating in New South Wales. For more information NSW – COVID-19 Support Packages

ACT – Be Prepared

There are currently no reported cases of COVID-19 in the ACT. However, with the significant movement of people between NSW and the ACT, COVID-19 is a very real risk of entering our community. Travel restrictions remain in place for NSW and Victoria.

It is important that the ACT community and local businesses continue to follow the usual important COVID Safe behaviours to reduce the risk of COVID-19 transmission in the ACT at this crucial time.

Businesses should also start planning for the possibility that density restrictions within the ACT may be changed in order to respond to an escalating situation. For more information see Management of COVID-19 outbreaks in the ACT

WA – Support & Advisory Services

From 12:01am on Tuesday 29th June, the Perth and Peel regions will enter a minimum four day lockdown to stop movement and interaction around the community. The lockdown will apply until 12.01am Saturday 3rd July, pending ongoing health advice. Everyone urged to check-in using the SafeWA app or complete contact registers.

Coronavirus (COVID-19) has had a significant economic impact on WA business. To help small business cope in the current environment, The Small Business Development Corporation have developed the following information resources WA – Support and Advisory Services

The Western Australian Government continues to announce measures to support small business during the coronavirus (COVID-19) pandemic. For more information: WA – Government small business stimulus/relief package

NT – Business Lockdown Payment Program

The COVID-19 lockdown across the Greater Darwin Area will be extended for a further 72 hours until 1pm on Friday 2nd July 2021. This includes the Darwin, Palmerston, and Litchfield Council areas, and Wagait and Belyuen Shires.

Businesses affected by the COVID-19 lock down in the Top End can now access support under the Territory Business Lockdown Payment Program. The program is open to businesses located in the areas currently impacted by the COVID lockdown.

Small businesses, not-for-profits and incorporated associations based in these areas can now apply for a one off payment of $1,000.

The payment is designed to support businesses that have either ceased trading or suffered a revenue loss of 50% or greater during the lockdown.

Eligible small businesses are those with a turnover of less than $10 million and less than 20 full-time-equivalent staff, and who have had to stop trading, or suffered a 50% drop in turnover during lockdown. The payment will help cover ongoing costs.

QLD – Business Assistance Finder

From 6pm, Tuesday 29th June 2021, a 3-day lockdown will apply to Brisbane, Ipswich, Logan City, Moreton Bay, Redlands, Sunshine Coast, Noosa, Somerset, Lockyer Valley, Scenic Rim, Gold Coast, Townsville (including Magnetic Island) and Palm Island local government areas. For more information see Current business restrictions for coronavirus (COVID-19) in Queensland.

If your business has been impacted by the COVID-19 outbreak, you may be eligible for financial assistance or other types of relief.

Use the Coronavirus (COVID-19) business assistance finder tool to discover what support is available from the Queensland and Australian governments, plus Queensland local councils. Need more guidance? Phone the Small Business Hotline on 1300 654 687

VIC – Financial Support Packages

There are a variety of financial support packages for people and businesses impacted by COVID-19 including financial, job and business support. Find out about the financial support available to people and businesses affected by COVID-19.

Pandemic Leave Disaster Payment:

The $1500 Pandemic Leave Disaster Payment is a one-off payment to help Victorian workers who have been directed to self-isolate or quarantine for 14 days, or care for someone who has been directed to self-isolate or quarantine.

$450 COVID-19 Test Isolation Payment:

The Victorian Government is providing a $450 COVID-19 Test Isolation Payment to support Victorian workers, including parents and guardians, who are required to self-isolate while you wait for the results of your COVID-19 test. Find out how you can apply for the $450 COVID-19 Test Isolation Payment.

For more information see Financial and other support for COVID-19

ICB will keep our members updated as more information is presented. Stay Safe everyone!

  • Updated: 28th July 2021