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Is Your Small Business Eligible for a $10,000 Reimbursement?

Updated: Mar 29, 2022

Overview

The ACT government has engaged in a Covid-19 Hardship Scheme, to help small Canberra businesses that’ve been negatively impacted by the effects of Covid-19. Small businesses can get reimbursed for up to $10,000 on various expenses incurred during the lockdown period.


APPLY AND SAVE UP TO $10,000


What can be reimbursed?

  • Utility expenses (electricity, gas and water) that was paid between 1 July to 31 December 2021.

  • Commercial rates paid between 1 July to 31 December 2021.

  • Commercial vehicle registration paid between 1 January 2021 and 31 December 2021.

Who’s eligible?

To be eligible you must have the following:

  • Active and valid ABN (Australian Business Number).

  • Annual turnover of at least $30,000, but less than $2 million.

  • 30% decline in revenue during the lockdown period. This is assessed by comparing a consecutive 7-day period during the lockdown (between Friday 13 August and Friday 15 October) with a 7-day consecutive non-lockdown period (between 1 April 2021 to 12 August 2021).

  • If applicable, be registered for Goods and Services Tax (GST) before the 1 April 2021.

Who's not eligible?

  • Entities that primarily earn passive income (rent, interest, or dividends).

  • Companies in liquidation or administration.

How to Apply

Click on the link below and follow the interactive steps: https://cmtedd.smartygrants.com.au/SBHS


Evidence Required to Apply

To be a successful applicant, you must provide evidence for all of the following:

  • Businesses ABN.

  • A lodged Business Activity Statement (BAS), lodged Australian income tax return, or other documentation demonstrating annual turnover of between $30,000 and $2 million (excluding GST) in either the 2019-20 or 2020-21 financial year.

  • A Statutory Declaration stating your business experienced a at least a 30% reduction in revenue due to the impacts of Covid-19.

  • Bank account details and GST paying status.

  • A bank statement demonstrating your bank account details and a link to the business’ ABN.

  • Details of the Applicant’s qualified accountant, registered tax agent or registered BAS agent, if applicable.

  • Other supporting documents as required to demonstrate the Applicant meets the eligibility criteria.

  • Declaration claiming your business meets the eligibility criteria.

  • A declaration that you're authorized to act on behalf of the business, and that the information provided in the Application is true and correct.

If you need assistance regarding your application, contact Solution In via 0405 012 345 or email at info@solutionin.com.au

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