Service NSW 2022 Small Business Support Program

Eligible businesses with a turnover of between $75,000 and $50 million that experienced a minimum 40% decline in turnover in January 2022 – and the first fortnight of February 2022 – can apply for support through this program.

Employing businesses will be eligible to receive 20% of weekly payroll as a lump sum for the month of February, with a minimum payment of $750 per week and a maximum payment of $5000 per week.

Non-employing businesses will receive $500 per week, paid as a lump sum of $2000.

The 2022 Small Business Support Program is for the month of February only.

Businesses will be able to apply through Service NSW from mid-February in 2022.

Most customers submitting complete and eligible applications through Service NSW should receive payment within 5 to 15 days of applying.

Payment timeframes can sometimes be extended if applications are:

• incomplete
• require additional verification
• potential fraudulent behaviour is identified.

Customers will be contacted by Service NSW and asked to provide any additional information they need to finalise their application.

Additional matters included in this month's update:

• ATO support for businesses in difficult times
• Government extends SME Recovery Loan Scheme to 30 June 2022
• COVID-19 vaccination incentives and rewards
• Higher PAYG withholding rates continue to apply to backpackers
• Single Touch Payroll exemption extended for WPN holders
• Payment extension relating to JobKeeper objections