The Western Australian Government has announced a $72 million package for businesses impacted by the Level 2 public health and social measures. The package includes:
- The Small Business Hardship Grants Program
- Payroll tax relief for large hospitality businesses
- COVID-19 Commercial Sporting Franchises Support Program
Small Business Hardship Grant Program
The Small Business Hardship Grants Program will provide tiered
grants to businesses that have experienced a 50% or greater
reduction in revenue for any two-week consecutive period between 1
January 2022 to 30 April 2022, compared to the equivalent period in
2021. An alternative period in 2021 may be used if the business did
not operate at that time, or it provides an inaccurate
representation of the business' financial situtation. The
grants being provided are as follows:
- $3,000 for sole traders (no employees),
- $7,500 for micro businesses (those with one to five employees),
- $20,000 for small businesses (those with six to 19 employees), and
- $50,000 for medium-sized businesses (those with 20 or more employees and with an annual payroll of up to $4 million).
Business that are eligible to apply and receive funding from other recent business support programs, including the Level 1 COVID-19 Business Assistance Package, are also eligible to receive grants from the Level 2 package.
Payroll Tax Relief
Large hospitality businesses with payrolls between $4 million and
$20 million will receive a three month payroll tax waiver if they
have experienced at least a 50% drop in turnover over for any four
week period between 1 January 2022 and 30 April 2022, comparable to
the same period last year.
COVID-19 Commercial Sporting Franchises Support
Program
The $2.1 million COVID-19 Commercial Sporting Franchises Support
Program includes a $35,000 rebate per game for venue hire costs
until 30 June 2022 for commercial sporting franchises, such as the
Perth Glory, Perth Wildcats, Perth Lynx and the Western Force.
This program also includes the waiver of public transport charges for home games for these teams in March and a 50% concession on public transport costs for events in April.
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