NSW has introduced a scheme for small businesses, encouraging owners to apply for up to $1500 in credits that can be used to pay down the cost of government fees and charges.
Treasurer Dominic Perrottet said the Small Business Fees and Charges Rebate was designed to benefit tens of thousands of small businesses across the state as NSW continues its post-pandemic recovery. “Our November Budget committed nearly $500 million to this rebate, which will leave more money in the pockets of eligible small businesses, sole traders and non-profit organisations,”
Mr Perrottet said. “Small businesses are the lifeblood of our economy and supporting them equals supporting jobs. I encourage all eligible operators to register for the $1500 credit with Service NSW.”
WHAT DOES THIS MEAN FOR YOUR BUSINESS?
Small business owners who operate in the beauty industry can apply for the $1500 rebate scheme as long as they are within the eligible criteria to apply (details below).
It can be used to pay for all NSW fees and charges, except those found in the exclusion criteria here. (e.g. fines and penalties).
HOW DOES IT WORK?
From April 2021 to 30 June 2022 small businesses who are granted a rebate will receive funds in the form of a digital credit via their MyServices NSW business account, which can be drawn down to offset eligible fees and charges. Eligible businesses or not-for-profits only need to apply for the rebate once, but can submit multiple claims until the full value of $1500 is reached on their digital credit.
WHO IS ELIGIBLE?
NSW says small businesses (including non-employing sole traders) and not-for-profit organisations are eligible for $1500 worth of rebates on government fees and charges if they:
- have total Australian wages below the NSW Government 2020-21 payroll tax threshold of $1.2 million
- have their own Australian Business Number (ABN) registered and/or are physically located and operating in New South Wales. Only one $1,500 rebate is available for a single ABN.
- are registered for goods and services tax (GST)
- have a turnover of at least $75,000 per year
Apply online here.
If you don’t have MyServices NSW account yet, sign-up for one here before apply.
Read the full guidelines on the Small Business Fees and Charges Rebate (‘the Rebate’) here.
Read the current issue of our digital magazine here:
For more news and updates, subscribe to our weekly newsletter.
Have an idea for a story or want to see a topic covered on our site and in our pages? Get in touch at email@example.com.