Covid Qld Government Grant
Updated: Aug 18
The Qld Government has opened the applications for the support Grant due to the lockdown event dated 31 July - 8 August in South East Queensland.
But before you jump in, there is a list of eligibility criteria that must be met, and the detailed information required for submission is fairly specific. (so read the submission carefully) Supporting evidence and documentation will be required to be uploaded with the submission.
We recommend that you have the following evidence before proceeding to application:
- Evidence that the business' annual turnover is over $75,000. You are able to use financial statements for either of the years 2018/19, 2019/20 or 2020/21
- Evidence of the business' annual payroll, including Superannuation. Please note that you are ineligible unless you employ staff, and this cannot include the director or owner of the business. The Government is working on the Sole trader grant criteria.
- Evidence of the impact on turnover. (At least a 30% reduction in turnover due to Covid 19 Lock down events announced by the Queensland Chief Health Officer during August 2021)
-Verification of your identity (ie: drivers licence, passport or Medicare card)
You will need to be able to describe how your business has been subject to lock down or how it has been highly impacted by the related lock down event.
If the business was not subject to actual closure, you will need to demonstrate that turnover has been impacted over the 7 day period related to the lock down. This 7 day period must include at least 1 day within the lock down period.
The application is very specific and requires the actual daily turnover of each day, within the 7 day period to be listed.
Unlike Job keeper, the application must be completed by the owner of the business or an authorised officer of the business and third parties, such as accountants, business advisors and Bas agents are not permitted to actually apply on your behalf. (Unless specific alternate arrangements have been made with QRIDA)
The Detailed Eligibility criteria includes that the organisation must:
employ staff (employees must be on your payroll and does not include any business owners)
have an Australian Business Number (ABN) continuously held from 30 June 2021
be registered for GST
have Queensland headquarters (i.e. your principal place of business is located in Queensland) and have been trading in Queensland on 31 July 2021
not be insolvent, or have owners or directors that are insolvent or an undischarged bankrupt
have an annual payroll of not more than $10 million (except for large businesses and not for profit organisations operating in an identified tourism and hospitality sector) during any of the 2018–19, 2019–20 or 2020–21 financial years
have an annual turnover of over $75,000 during any of the 2018–19, 2019–20 or 2020–21 financial years
Note: Businesses that have recently started can provide financial records to show they will reasonably meet this turnover requirement in the 2021–22 financial year
be able to demonstrate the business or not for profit organisation was directly or indirectly impacted by a lockdown event
be able to demonstrate or declare a reduction in turnover of 30% or more during a nominated 7-day period
this must include at least 1 full day of a lockdown event when comparing against turnover achieved during the same 7-day period in July or August 2019 OR
if the 2019 period does not indicate a typical weekly turnover (e.g. for a recently started small business or business that has experienced structural changes), include another comparable period (e.g. the same period in July/August 2020).
Large tourism and hospitality businesses and not for profit organisations must ensure they are undertaking business activities in any of the identified tourism and hospitality ANZSIC (Australian and New Zealand Standard Industrial Classification) code industry areas and meet all eligibility criteria (although you can have an annual payroll greater than $10 million). Check the ANZSIC codes listed below to see if you are eligible to apply.
If you need information, you can call QRIDA on 1800 623 946
Here are some helpful links:
This articles intention is to inform rather than advise and is based on legislation at the time. Each Taxpayer’s circumstances vary so we strongly recommend that you discuss this information with your Tax Agent, Accountant or Bas Agent before implementation. If you take, or do not take action as a result of reading this article, we accept no responsibility for any financial loss incurred. This is general advice only. Source : ato.gov.au