From 5pm on Thursday 12 August 2021, the Australian Capital Territory went into a Covid-19 based ‘lockdown’ (like the rest of its Eastern Seaboard neighbours) – for 7 days. The following day the Federal Treasurer announced a jointly Federal and Territory funded Covid relief package, along the lines of those announced for NSW, Vic & Qld.
See below for extracts from his media release.
A jointly funded package from the Commonwealth and the Australian Capital Territory (ACT) Governments will give support to small and medium businesses in the Territory who have been impacted by the lockdown measures introduced by the ACT Government today in response to positive cases in the community.
The ACT COVID‑19 Business Support Grant will deliver grants of $3,000 for employing businesses and $1,000 for non-employing businesses where those businesses’ turnover has declined by 30 per cent or more as a result of the COVID‑19 health restrictions.
The package will be split on a 50/50 basis between the Commonwealth and the ACT Governments, with the Territory government to administer the program.
The grants will be available to local businesses that have experienced at least a 30 per cent reduction in turnover in the week defined as Friday 13 August – Friday 20 August 2021 (compared to the prior 7‑day period) due to restricted trading conditions.
This is a similar arrangement that has been in place for businesses in other jurisdictions impacted by COVID‑19 lockdowns.
The ACT Government will also open a COVID‑19 Small Business Hardship Scheme, where eligible ACT businesses can apply for credits on the cost of eligible fees and charges of up to $10,000 (inclusive of GST) per ABN.
This program will provide credits for payroll tax, utilities, rates and certain business licences for small to medium businesses that can demonstrate a 30 per cent revenue loss in revenue. Small businesses with a turnover between $30,000 and $10 million per annum can apply.
[Treasurer’s website: Media Release; LTN 155, 13/4/21]