State government support for COVID-affected businesses

Lock down closedMost business have closed their doors during lock down.

The Central Coast’s hospitality and tourism sector will be targeted in the NSW Government’s financial rescue package, with hundreds of millions of dollars committed to help businesses through the two-week lockdown.

The package follows a joint request from all of the Central Coast’s State Labor MPs yesterday calling on the Treasurer to respond to the pressure put on Central Coast Businesses.

Shadow Minister for the Central Coast, David Harris stated that he and his State Labor colleagues support the current COVID restrictions.

Government MP and Parliamentary Secretary for the Central Coast, Adam Crouch, said the package now on offer would keep doors open for businesses and keep people in jobs.

“I have written to the Premier, Treasurer and Small Business Minister asking for this support and I thank them for responding so positively and promptly,” Crouch said.

“Tourism, hospitality and accommodation providers rely on the busy school holiday period to keep afloat and that’s why this rescue package is targeted at helping them.

“The one-off payments are designed to be flexible and will allow business owners to cover the cost of utilities, Council rates, telecommunications bills, insurance payments, wages and any other bills.”

The package includes a one-off payment between $5,000 and $10,000 for small businesses, with: $10,000 for business with a 70% decline in turnover, $7,000 for businesses with a 50% decline in turnover, and $5,000 for businesses with a 30% decline in turnover.

The Dine & Discover NSW vouchers have also been extended to August 31, with the ability to use the voucher scheme for home delivery for the very first time.

There will also be payroll tax deferrals for small, medium and large businesses.

Funding will be made available through Service NSW on July 19, as business owners need to provide proof of their decline in turnover in order to apply.

More information on the financial rescue package is available online at Service NSW.

Maisy Rae