The New South Wales Government has finally announced a much-anticipated Omicron support package, which will help businesses survive the impact of the Omicron wave.
The $1 billion support package targets businesses with a turnover of less than $50 million and a 40 per cent decline in January.
The Omicron support package will supply businesses with a payment of 20% of weekly payroll costs if the business can prove a decline in turnover.
Eligible employing businesses will be able to receive a minimum payment of $750 a week, and a maximum of $5000 a week.
Non-employing businesses will receive $500 per week, which will be paid as a lump sum of $2000. The Small Business Support Program will be running for the month of February only.
Is my business eligible to receive the support package?
To be eligible to receive the support package, businesses must have:
The 2022 Omicron small business support program is valid for the month of February. Businesses will be able to apply for the package through Service NSW from mid-February.
If you still have questions as to what the Omicron support package involves, or do you need some assistance to apply? Get in touch with our team and find out how we can help.