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Impacted By The Latest COVID-19 Situation To Hit Businesses? Here’s What You Might Be Able To Receive

With the effects of COVID-19 being felt by millions across the states, businesses and individuals alike are turning to the government for additional support and relief in these financially uncertain times.

Due to the unique situations being faced by different businesses across the states, but with all requiring additional assistance to continue operations, the state governments affected by lockdowns have announced the following measures, programs and relief assistance to be implemented.


The 2021 Covid-19 business grant is a one-off payment of between $7,500 to $15,000, depending on the percentage of lost revenue. A revenue decline of 30% or more is necessary with an annual turnover of above $75,000. Applications have been open since 18 July.

“Jobsaver” is jointly funded by the NSW government and the Commonwealth government, and is a fortnightly payment of between $1,500 to $10,000 a week for entities with an annual turnover between $75,000 and $50m who can demonstrate a 30% decline in turnover.

To be eligible, entities must maintain their current staffing level as of 13 July 2021. For non-employing businesses such as sole traders, the amount will be set at $1,000 a week. Applications are have been open since 26 July 2021.

A micro-business Covid-19 support grant will also be available if you’re a small business or sole trader with an annual turnover of more than $30,000 and less than $75,000, with a 30% decline in revenue. The $1,500 fortnightly payment begins from 26 July.

The NSW government also recently announced that a business fees and charges rebate of $1,500 would be made available to eligible sole traders, small business owners and not-for-profit organisations for recovering from the impacts of COVID-19.  The claim only needs to be applied once but can be submitted multiple times until the full amount of $1,500 is reached. The rebate will be available until 30 June 2022, and more information about eligibility and conditions of use for the rebate can be found on the Service NSW website here. 



In Victoria, financial assistance is available through Business Victoria. Through the business cost assistance program, an automatic top-up of $2,800 will be made to businesses, increasing the total grant to $4,800.

Micro-businesses not registered for GST will also be eligible for the COVID-19 disaster payment, depending on how many hours were lost.


In South Australia, new business support packages will assist an estimated 50,000 eligible businesses. The grants will apply to businesses with a payroll of less than $10m, with an annual turnover of $75,000 or more and whose turnover has been reduced by at least 30% over the seven days from 20 July 2021 as a result of the lockdown.

Small and medium businesses can apply for a $3,000 grant and sole traders can apply for a $1,000 cash grant.

If COVID-19 has negatively impacted your business’s financial situation, you can come speak to us for advice and planning about how to navigate through these uncertain times. We may also be equipped to assist you with applying for relief assistance or can advise you on what you may be eligible to apply for.

If you’re someone who often finds it difficult to make large lump sum payments for goods or services, you may want to consider looking into “Buy Now Pay Later” services.

Buy now pay later essentially means that, rather than paying in a full lump sum payment for a product or services rendered, there may be an option to pay through instalments of a certain amount over a set period to make the sum of the full amount in total. This method should allow you to pay in full for the product or service without overly straining your finances – you pay back what you can, as agreed upon when you begin the buy now pay later service.

Some popular buy now pay later services include Afterpay, Zip Pay, Brightepay, and some credit card networks such as  Mastercard and Visa, can offer buy now pay later arrangements.

Though it can be a convenient, immediate solution, it may be challenging to juggle the necessary repayments with other financial commitments. It’s not always the most appropriate method for people, and you should bear in mind your situation and ability in paying back the amounts. 

Before you sign up, keep in mind: 

  • It becomes easier to overspend with buy now pay later services, so know your limits on what you can and can’t afford.
  • You will be charged fees and costs to use the service, which can add up to a princely sum in and of itself.
  • Keeping track of your payments can be tricky if you’ve signed up for multiple services.
  • It could affect your loan applications for a car or mortgage as lenders consider buy now pay later spending just as much as your credit score.
  • Late repayments can appear on your credit report, which affects your ability to borrow money in the future.
  • Layby can be a cheaper alternative to buy now pay later, with no account-keeping or late fees to consider

If you are someone who could make use of BNPL services, you may wish to:

  • Ensure that when using the BNPL service, you stick to a set limit on what you spend so that you can comfortably pay it back later. 
  • Aim only to have one BNPL account at a time to manage payments through, rather than confuse yourself with multiple payments across different providers.
  • Always budget for bills, loan payments and BNPL payments, and 
  • Rather than use your credit card for payments to your BNPL account, consider linking to your debit account instead.

If you would like assistance in planning your financial future, help in managing your budget or some friendly advice, see us for a chat about what we can do for you.


What our Client Say

John Briggs

Jane Noller has been my accountant for the last 15 plus years. I can testify to Jane’s professionalism and expeditious manner in dealing with the day to day issues that surrounds our business accounting.

John Briggs

Registered Building Certifier

David and Alison Parker

I have been consulting J L Noller and Co. (more specifically Jane) for six years and during this time I have found her to be professional, efficient and easy to discuss all accounting and taxation matters with. Her office team are all polite and friendly also.

David and Alison Parker

Business Owner

Carl Gillmore

I have used Jane & the team for the last 6 years for all of my business & personal accounting needs. They have always been professional, easy to talk to & available when we have needed assistance.

Carl Gillmore

Carl Gillmore Landscape

John Briggs

Jane Noller has been my accountant for the last 15 plus years. I can testify to Jane’s professionalism and expeditious manner in dealing with the day to day issues that surrounds our business accounting.

John Briggs

Registered Building Certifier