$5,000 COVID IMPACTED QLD BUSINESS GRANT
UPDATE: 16 AUGUST 2021 Applications Open Midday today
Directions from Minister: Minister for Employment, Small Business and Minister for Training and Skills Development Hon Di Farmer
The Minister has released more information on how the $5,000 Queensland Support Grant will operate.
HERE’S WHAT YOU NEED TO KNOW
You may be eligible if:
- You operate a business with Turnover of over $75,000 per year in any of the last three years.
- You have a 30 percent reduction in a comparable period to the relevant lockdown period.
- Must employ staff (employees must be on your payroll and does not include any business owners)
- Have a Queensland Headquarters
- Have an Australian Business Number and be registered for GST
- Have an annual payroll of not more than $10 million (unless you fall into the large businesses operating in an identified tourism and hospitality sector).
Check your Eligibility https://www.business.qld.gov.au/starting-business/advice-support/grants/covid19-support-grants#eligibility
How do I apply
Grant Applications are open from Midday 16 August 2021.
The Minister assures that Grant funding will not run out for eligible businesses. Business has a three-month period to apply and all business that apply and are approved will receive the grant.
You will need to apply online with supporting evidence through Queensland and Rural and Industry Development Authority (QRIDA) portal https://applyonline.qrida.qld.gov.au/login. You should create a QRIDA profile as soon as the applications open to assist with the process.
You can also go to the Business Qld website to get more information and to click on the relevant links to start the process online.
Ring the hotline 1300 654 687 if you hit a block in the application process
The Business Qld website and Hotline should be your first point of contact.
What supporting Information will I need to provide?
SHOWING YOUR DROP IN TURNOVER
Compare any week of turnover in the lock down period turnover (31 July 2021 to 8 August 2021) with a comparable week in either the 2019 or 2020 years. This must include at least 1 full day of a lockdown event when comparing against turnover achieved in the same 7 day period in July or August of your comparison year.
You should save copies of the impacted period and the test period to show your turnover reduction and upload them if requested or have them on hand if requested down the track to prove your claim.
There are several options for evidence of your decrease in turnover:
Direct Impact – complete a declaration in your application or an
Indirect Impact – submit sales turnover information from your business records as set out above or rely on a dated letter on letterhead issued by us as your accountants confirming the drop in sales. See below.
HOW CAN WE HELP
If you select the indirect impact option, you may be required to get a letter from us confirming the 30 percent reduction in turnover calculation. Please appreciate that this can be a time-consuming process and we need to resource this with additional staff hours. We will need to levy a small charge to cover the time associated with the process which will be discussed with you prior to any work being carried out.
TIMING OF PAYMENTS
The Minister is targeting payment within 2 weeks of the Approval of the Grant application.