Applications for the 2021 COVID-19 Business Support Grants will open at 12pm (midday), 16 August 2021.
All eligible businesses who apply for a grant during the 3-month application period will receive funding.
Available funding
You may be eligible to receive a grant of $5,000 (excluding GST). This grant may be used for business expenses.
Who can apply
a. SME businesses and not for profit organisations
To be eligible, you:
- must employ staff
- have a QLD headquarters
- must have an annual turnover of more than $75,000
- must have an annual payroll in Queensland of not more than $10 million
- must show or declare a reduction in turnover of 30% or more for a 1-week period that includes at least 1 full day of the:
- South East Queensland lockdown commencing 31 July 2021;
- the Cairns and Yarrabah lockdown commencing 8 August 2021; or
- any other lockdown in Queensland in August 2021.
b. Large tourism and hospitality businesses and not for profit organisations
To be eligible, you:
- must employ staff
- have a QLD headquarters
- must operate in the tourism and hospitality sector
- must have an annual turnover of more than $75,000
- must have an annual payroll in Queensland of more than $10 million
- must show or declare a reduction in turnover of 30% or more for a 1-week period that includes at least 1 full day of the:
- South East Queensland lockdown commencing 31 July 2021;
- Cairns and Yarrabah lockdown commencing 8 August 2021; or
- any other lockdown in Queensland in August 2021.
How to apply
Applications will open 12pm (midday), 16 August 2021.
You will need to apply online with supporting evidence through the Queensland Rural and Industry Development Authority (QRIDA) portal.
What can you do now?
a. Create a QRIDA profile
To get ready, create a QRIDA profile so you can submit as soon as applications open.
If you do not have a QRIDA profile login, complete the following steps:
- Visit the QRIDA portal to create your profile.
- If you have not registered with QRIDA before:
- click on the ‘Register’ tab and enter your details
- after registering, QRIDA will send an email to validate your account – allow time to receive this email (remember to check your junk email too)
- when you have validated your account, you will be ready to log into the QRIDA portal and submit when applications open.
b. Check your QRIDA profile
If you already have a QRIDA portal login (i.e. to apply for a grant or loan previously), you should:
- Login to the QRIDA portal to test your password (Note: You may need to reset your password before the grant opens).
- Confirm all your details are correct.
c. Preparing supporting evidence
- Reduction in turnover of 30% or more – you must demonstrate or declare you have experienced a reduction in turnover of 30% or more over a nominated 7-day period (including at least 1 full day of a lockdown event) compared against the same 7-day period in July/August 2019 (Pre-COVID comparison). If the 2019 period doesn’t indicate a typical weekly turnover, include another nominated 7-day period (e.g. the same period in July/August 2020). Provide the following evidence to demonstrate:
- direct impact: – complete a declaration in your application
- indirect impact:
- submit sales turnover information from your business records for the relevant period; or
- rely on a dated letter on letterhead issued by a qualified accountant.
- Employ staff – you must demonstrate you employ staff (in addition to the business owners and be employed on the business’s payroll). Evidence may include:
- business financial statements, business payroll records, payroll tax return information; or
- a dated letter on letterhead issued by a qualified accountant.
- Annual payroll up to $10 million – you must demonstrate an annual payroll up to $10 million during any of the 2019, 2020 or 2021 financial years (except for large tourism and hospitality businesses and not for profit organisations operating in an identified tourism and hospitality sector). Evidence may include:
- business payroll records, payroll tax return information; or
- a dated letter on letterhead issued by a qualified accountant.
- Annual turnover of over $75,000 – you must demonstrate annual turnover of over $75,000 during any of the 2019, 2020 or 2021 financial years. Evidence may include:
- BAS statements or Australian Taxation Office records; or
- a dated accountant letter on letterhead from a qualified accountant.
- Trading location – to verify your trading location, you may provide:
- publicly available web information to identify your business operations (e.g. website or social media pages); or
- utility bills for the business location.
If you’re not sure where to start, speak to Fiskl Advisory today.