covid-financial-assistance

COVID Financial Assistance

Financial assistance for NSW residents affected by COVID

Updated: 27 September 2021

Financial assistance for individuals, businesses, landlords, and tenants is available for those impacted by COVID-19.

We have collated some useful resources on the financial support available from NSW Government, though please note that we will not necessarily be keeping this article up-to-date with ongoing changes.

Strata Plus is not in a position to provide financial advice, so we cannot answer any questions you may have about the following information.

Individuals

Individual grants can be accessed via myGov. For more information, visit Services NSW on how to claim financial support.

Businesses

Eligible businesses can apply through Services NSW for several grants and rebates depending on their financial position and impact.

Go to Services NSW for more information

For information on small business fees and charges rebate visit Services NSW 

Payroll tax deferrals and payroll tax concessions are available for eligible businesses. Go to Revenue NSW for more information.

Rental assistance

The NSW Government has announced new support for renters and landlords impacted by the COVID-19 lockdown, including up to $210 million in grants to eligible landlords.

Residential tenants will have greater protection with a targeted eviction moratorium, which will be implemented through legislative changes.

COVID-19 residential tenancy support payment applications open for landlords

Updated: 27 September 

The Residential Tenancy Support Payment has been increased from $1,500 and now provides up to $4,500 per tenancy agreement. Landlords who have already claimed up to $1,500 or $3,000 can make a further claim for reduced rent up to a total of $4,500.

Important: Applications will open from Friday, 24 September 2021 for additional payments of up to $4,500. If you have already lodged an application for $4,500 it will be held and processed from 27 September.

This payment will be available for landlords who agree to reduce the rent for COVID-19 impacted tenants from 14 July 2021.

The amount for each landlord will be capped at the rent reduction that is passed onto the tenants, or $4,500, whichever is the lower.

Landlords can make separate claims for each premise they own.

Landlords cannot ask tenants to repay the reduced amount of rent that has been paid to them under the residential tenancy support payment or land tax benefit.

Visit the Service NSW website for more information and to apply for the COVID-19 residential tenancy support payment.

Land tax relief and COVID-19 financial support

Land tax relief is also available for landlords who reduce rent for COVID-19 impacted tenants.

The 2021 COVID-19 land tax relief is intended to reduce a landowner’s land tax payable for 2021, by up to 100 per cent, for a taxable parcel of land where rent relief has been given to the tenant who occupies that land.

Future assistance

Applications for the following grants cannot be made until later in the month;

  • Micro Business Grant: Grants per fortnight for microbusinesses (turnover between $30k and $75k) that have suffered a 30% decline in turnover over a two week period during the lockdown.
  • JobSaver: An employee retention scheme providing cashflow support to businesses to help them retain staff.

 

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