The New South Wales Government has announced a support package for businesses trying to cope with the effects of the Omicron outbreaks across the state.
Support will be available from the beginning of February.
By ATB Partners
“As in the past, we are keeping an eye on the details as they emerge, and we will be in contact with clients as more information is released,” says Michael Mekhitarian. “This is what we know so far:”
Commercial landlord relief has been extended until 13 March.
“This is sensible support for many businesses still being majorly disrupted by the pandemic,” says JIm Vass.
“The Omicrom outbreak may persist for some time, so while businesses adjust, particularly to the crisis in supply chains, staffing issues, and putting in place appropriate health and safety mechanisms for their people and their customers, this will ease some of the financial pressures,” Jim explains.
“We’re looking carefully at the support available in order to assist any clients who need it, but we expect that, as with the last round of support in 2021, businesses will be able to apply themselves, and the process should be relatively straightforward,” says Paul Rattray.
“In the meantime, clients should carefully look at the eligibility criteria and make sure they are able to apply. We’re also encouraging clients – and have been since support packages were originally made available in 2020 – to keep meticulous records and calculations in case they are audited at a future date.”