ARTICLE
4 August 2021

QLD COVID-19 business support grant

MA
Moore Australia

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Moore Australia part of a global network of offices, providing auditing and financial reporting services, advising local, national and international clients in the public and private sectors. Moore Australia generates annual revenues in the region of $80m. Moore Australia is part of the Moore Global network and has 14 offices with over 450 people nationwide. Moore Australia has extensive experience in state and local government, biotechnology, energy mining and renewables, health and aged care, education, manufacturing, not for profit, property and construction, retail and tourism and hospitality and has a strong presence in the following service lines: Asia Desk, Audit & Assurance, Business Advisory, Taxation, Corporate Finance, Governance and Risk Advisory.
The Queensland government announced financial support for certain businesses impacted by the lockdown order.
Australia Government, Public Sector
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The Queensland Government has announced financial support for small and medium businesses impacted by the lockdown order which commenced at 4pm on Saturday 31 July 2021. We note that certain large businesses may also be eligible.

Eligible businesses can receive up to $5,000 and the grant will be paid within two weeks of the business being notified of approval.

Small and medium businesses
Small and medium businesses are defined as having:

  • a turnover of more than $75,000 per annum, and
  • and annual payroll in Queensland of up to $10 million.

The grant provides support to employing businesses across Queensland impacted by the South East Queensland lockdown. These businesses do not have to be located in South East Queensland, but the business must have experienced at least a 30% reduction in turnover as a result of the lockdown.

More information on eligibility criteria will be available in the coming days and we will provide further information once the detailed requirements have been released.

Large businesses
Large businesses in the hospitality and tourism sector operating in the 11 local government areas in the lockdown may also be eligible for the grant subject to meeting other eligibility criteria.

The 11 local government areas subject to lockdown are as follows:

  • Brisbane City Council
  • Gold Coast City Council
  • Ipswich City Council
  • Lockyer Valley Regional Council
  • Logan City Council
  • Moreton Bay Regional Council
  • Noosa Shire Council
  • Redland City Council
  • Scenic Rim Regional Council
  • Somerset Regional Council
  • Sunshine Coast Regional Council.

The material contained in this publication is in the nature of general comment and information only and is not advice. The material should not be relied upon. Please contact your local Moore Australia office to discuss your specific circumstances or case. Moore Australia, any Australian Member, any related entity of those persons, or any of their officers employees or representatives, will not be liable for any loss or damage arising out of or in connection with the material contained in this publication.

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ARTICLE
4 August 2021

QLD COVID-19 business support grant

Australia Government, Public Sector

Contributor

Moore Australia logo
Moore Australia part of a global network of offices, providing auditing and financial reporting services, advising local, national and international clients in the public and private sectors. Moore Australia generates annual revenues in the region of $80m. Moore Australia is part of the Moore Global network and has 14 offices with over 450 people nationwide. Moore Australia has extensive experience in state and local government, biotechnology, energy mining and renewables, health and aged care, education, manufacturing, not for profit, property and construction, retail and tourism and hospitality and has a strong presence in the following service lines: Asia Desk, Audit & Assurance, Business Advisory, Taxation, Corporate Finance, Governance and Risk Advisory.
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