Small Business COVID-19 Adaption Grant Program and Workcover Declarations

Small Business COVID-19 Adaption Grant Program and Workcover Declarations
20
May

Qld Government Adaption Grant Program

The Queensland Government have announced a new Small Business COVID-19 Adaption Grant Program and applications are open now. Full details can be found on the Qld Government website here – https://www.business.qld.gov.au/starting-business/advice-support/grants/adaption

A quick overview of the grant is as follows:

Objective – support small businesses subject to closure/highly impacted by the covid-19 shutdown restrictions. Help them prepare for resumption of trading post covid-19 recovery and transition to new ways of doing business (i.e. digitally). Also, reskilling/diversificiation/create or retain employment

Funding – $10,000 (assessable income, no GST applicable) per small business. One application will be accepted from an individual ABN or financial beneficiary of a business. Cannot apply for multiple small business ABN’s – the applicant must NOT be a financial beneficiary of any other Small Business Grant Application.

Utilisation – funding can be used towards the following which occur post 23 March 2020 (project must be completed within a maximum of 6 months from date of approval):

  • financial, legal or other professional advice to support business sustainability and diversification
  • strategic planning, financial counselling or business coaching aligned to business development and diversification
  • building the business through marketing and communications activities, for example, content development (web pages, mobile apps, visual and audio media etc.)
  • digital/technological strategy development
  • digital training or re-training to adapt to new business models
  • capital costs associated with meeting COVID-19 SAFE requirements
  • specialised digital equipment or business specific software to move business operations online (e.g. logistics program for online ordering)
  • meeting business costs, including utilities, rent

There are several eligibility criteria you must meet and these can all be found on the website. If you are eligible, get your application in quickly as the funding won’t last.

If you require assistance with your application please don’t hesitate to contact us.

Workcover Declarations

Workcover declarations will need to be done soon and the table below explains how wages and JobKeeper payments need to be declared for workcover purposes. The link to the page on workcover website is here for further information – https://www.worksafe.qld.gov.au/claims-and-return-to-work/novel-coronavirus-covid-19-faqs/employer-faqs/jobkeeper-payment-scheme/jobkeeper-payments-and-wages-declaration

If you need any assistance with this please let us know.

Category Example Employer obligation to access JobKeeper Payment Scheme Consequence
Employee stood down without pay Employee does not receive pay Employer pays employee $1,500 per fortnight (top-up payment) The $1,500 top-up payment will not be ‘wages’ under the Act.
Employee currently earning a wage of more than $1,500 per fortnight Employee earns $2,500 per fortnight Employer pays employee current wage of $2,500
The employer receives the JobKeeper subsidy of $1,500
$2,500 is ‘wages’ under the Act and will be required to be included in wages declaration for 2019–2020.
Employee currently earning exactly $1,500 per fortnight Employee earns $1,500 per fortnight Employer pays employee current wage of $1,500
The employer receives the JobKeeper subsidy of $1,500
$1,500 is ‘wages’ under the Act and will be required to be included in wages declaration for 2019–2020.
Employee currently earning a wage of less than $1,500 per fortnight Employee earns $500 per fortnight Employer pays employee $1,500 per fortnight INCLUDING:

  1. current wage of $500 per fortnight
  2. $1,000 necessary to top-up the employee to $1,500 per fortnight (top-up payment)
$500 is ‘wages’ under the Act and will be required to be included in wages declaration for 2019–2020.
The $1,000 top-up payment will not be ‘wages’ under the Act.

If you need any additional assistance, please don’t hesitate to contact us.

We can assist with all Government Stimulus matters.

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