This month, applications opened for the Tourism and Hospitality Hardship Grants under the joint Queensland-Australia Government $600 million COVID-19 Business Support Package.
The $80 million program seeks to promote resilience of Queensland’s tourism and hospitality businesses, offering support to eligible tourism and hospitality operators who have experienced significant financial hardship as a result of COVID-19 travel restrictions and interstate lockdowns.
Grants of up to $100,000 will be available for eligible businesses which offer a viable product and who are in a position to retain and increase their workforce as interstate tourism markets fully open. Funding will be intended to support business expenses including direct salary costs for existing employees.
What can be claimed?
Financial support will be offered in three levels:
- Eligible employing small tourism and hospitality businesses with an annual payroll size of less than $1.3million, will receive $30,000 in two payments of $15,000.
- Eligible employing medium tourism and hospitality businesses with an annual payroll size of between $1.3million and $10million inclusive, will receive $50,000 in two payments of $25,000.
- Eligible employing large tourism and hospitality businesses with an annual payroll size of greater than $10million, will receive $100,000 in two payments of $50,000.
Eligible employing tourism and hospitality business includes non-profit organisations.
Who is eligible?
Eligible applicants will be those who meet the following criteria:
- Be operating in Queensland within the tourism and hospitality sector. (Check the eligible ANZSIC class codes here)
- Generate an annual turnover of over $75,000 and employ a minimum of 1 employee in Queensland operations.
- Have experienced at least a 70% decline in turnover for your Queensland operations over a 7 – day consecutive period between 1 July 2021 and 30 September 2021 compared to the same period in either 2018-19, 2019-20 or 2020-21.
- Have experienced significant impacts in relation to COVID-19 travel restrictions and interstate lockdowns to your Queensland operations.
Grant applications will follow an online application process via the QRIDA portal and will require submission of various supporting evidence documentation that must be submitted by the applicant. Applications are now open until Monday 22nd November 2021.
Businesses that are successful in receiving a grant under this Program may also be eligible to receive funding under the Queensland Government’s COVID-19 Business Support Grant and/or COVID-19 Border Business Zone Hardship Grant, where eligible.
Further information about the Tourism and Hospitality Sector Hardship Grant can be viewed on the Queensland Government Program Website.
For assistance in compiling supporting documentation for your application please contact your usual Mazars Advisor or alternatively our financial advisory specialist Angela Winton via the form below.
Author: Holly Willmore
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