December 16, 2022
STP Phase 2
Update regarding Single Touch Payroll Phase 2
Update as of 21 July, 2021: NSW Business Grant - The testing dates for the NSW Business Grant has recently been changed to a minimum 2-week period between 26 June, 2021 to 17 July, 2021.
If you cannot work because you or someone in your household is impacted by COVID-19, support is available.
Please download our summary 2021 COVID-19 LOCKDOWN – What lockdown support is available? of recent announcements detailed below.
What is it?
The COVID-19 Disaster payment is a weekly payment available to eligible workers who cannot attend work, who have lost income due to the lockdown and do not have access to certain paid entitlements.
Who is eligible?
This payment is now available to anyone in NSW who has been affected by the recent lockdown.
To get this payment you must satisfy ALL the following:
If you are unsure about your eligibility please visit Services Australia website for more information.
How much is the payment?
The COVID-19 disaster payment amount available depends on:
If you have lost 20 or more hours of work per week you will be eligible for the higher payment rate being:
The payment is taxable, and you will need to declare it in your income tax return.
How do I claim?
You must claim this payment online. To claim, you will require a myGov account which is linked to a Centrelink online account.
What is it?
The Pandemic Leave Disaster Payment is a lump sum support payment for those who cannot earn an income due to the following:
The payment might also be accessible if you are a carer for someone impacted.
The payment is taxable, and you will need to declare it in your income tax return.
Who is eligible?
The Pandemic Leave Disaster Payment is emergency relief. To get this payment you must satisfy ALL the following:
How much is the payment?
The payment is $1,500 for each 14-day period you are advised to self-isolate or quarantine.
If you area member of a couple, you can both claim this payment. You and your partner will need to complete separate claims.
How do I claim?
You can make a claim for this payment by:
Please note you must make a new claim for each 14-day period.
What is it?
The 2021 COVID-19 Business Grant is aimed at providing cash flow support for businesses affected by the lockdown and public health orders.
Eligible NSW businesses (including sole traders and not-for-profit organisations) with Australian wages below $10 million can claim grants between $7,500 and $15,000 because of the COVID-19 restrictions.
Who is eligible?
To be eligible for this grant, your business must satisfy the following:
How much is the payment?
Three different grant amounts will be available depending on the decline in turnover experienced over a minimum 2-week period from 26 June, 2021 to 17 July, 2021 (previously 26 July, 2021) in comparison to the same period in the 2019 year:
The federal Government has indicated that these payments are not taxable.
How do I claim?
To claim this payment, you will need:
Registrations open from 19 July, 2021 via Services NSW. You will need to ensure you have your supporting documents ready before you apply. For more information refer to the Services NSW website.
What is it?
A support program funded jointly by the State and Federal Governments to maintain employment of staff for small and medium businesses impacted by the current public health orders.
Who is eligible?
NSW businesses with an annual turnover of between $75,000 and $50 million that can demonstrate a 30% reduction in turnover (compared to the same two-week period in 2019).
To receive the payment, entities will be required to maintain their full time, part time and long-term casual staffing level as of 13 July 2021.
How much is the payment?
Eligible entities will receive 40% of their NSW payroll payments, at a minimum of $1,500 and a maximum of $10,000 per week.
For non-employing businesses (e.g., eligible sole traders) payment will be $1,000 per week.
Assistance will cease when the current lockdown restrictions are eased, or when the Commonwealth hotspot declaration is removed.
The federal Government has indicated that these payments are not taxable.
How do I claim?
There is not much information on how this can be claimed but it is administered by Service NSW. Applications are due to open in late July. Please refer to the Service NSW Website to be notified when more information regarding the COVID-19 financial support programs becomes available.
What is it?
Businesses who are required to pay payroll tax can opt in to defer payments on the 2020-21annual reconciliation and wages paid in July and August 2021.
The due date for lodgement and payment of the 2021 annual reconciliation will be extended to 7 October, 2021.
Who is eligible?
Any business required to pay payroll tax in NSW.
What is it?
The government have introduced a payroll tax waiver of 25% for eligible businesses.
Who is eligible?
Eligible businesses will be those with grouped Australian wages between $1.2 million and $10 million that have experienced a 30% decline in turnover.
How do I claim?
More information on the 25% reduction will be provided by the end of August 2021. Please refer to the Revenue NSW website for more information.
What is it?
The Government have introduced a 60-day moratorium on evictions for the period commencing 14 July, 2021 to 11 September, 2021.
Who is eligible?
To be eligible, a tenant will need to provide the following:
What should I do if I’m eligible?
If you are eligible you will need to contact your agent or landlord to discuss your options. You will need to provide evidence to them of your circumstances. Once you have negotiated with your agent or landlord, you must put the agreement in writing.
For more information please refer to the Office of Fair Trading Website.
What is it?
Protection for commercial and retail tenants in NSW.
Landlords will not be permitted to lock out or evict impacted tenants without mediation.
Who is eligible?
Commercial and retail tenants must satisfy the following:
What is it?
Land tax relief grant available for residential landlords who provide assistance to their tenants in financial distress.
Who is eligible?
What is the payment?
The payment for each landlord is capped at the reduction that is passed onto the tenants, or $1,500 whichever is less.
How do I claim?
A landlord can claim either the grant or the COVID-19 land tax benefit (i.e., offset of their land tax liability equal to the rent reduction granted), but not both.
NSW Fair Trading is still setting up an online process to enable landlords to claim the payment and will take a couple of weeks before it becomes available. Fair Trading have advised that they will notify agents and landlords as soon as the claim process is available through their e-newsletter. Please refer to the NSW Fair Trading website for further updates.
What is it?
Land tax relief available for landlords who provide assistance to their tenants in financial distress. A landowner can receive a reduction of up to 100% of the land tax payable for the 2021 land tax year subject to the criteria below.
Who is eligible?
What is the payment?
A landowner providing a reduction in rent to a tenant in financial distress between 1 July 2021 and 31 December 2021 can receive a reduction in land tax payable for the relevant parcel of land that is leased. The land tax reduction will be the lesser of:
If the 2021 land tax has not been paid in full, the relief granted will be used to offset the balance of land tax payable. If land tax for 2021 has been paid in full, the reduction can be refunded to you.
How do I claim?
Applications for the land tax relief program will be made available via Service NSW shortly. Please refer to Revenue NSW website for further updates.
As tax and business advisors we are still waiting to hear more. Please watch this space for any further updates. For our existing clients we will be in contact with you as soon as we receive more information on any further developments.
If you have any questions regarding your individual circumstance, please contact us by emailing admin@optimumadvisory.com.au or give us a call on (02) 9821 2455.
Stay safe everyone, we’re all in this together.
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