Jobsaver Micro Business Grant Re-Qualification Update

Jobsaver Micro Business Grant Re-Qualification

From October 2021,the NSW government is now asking businesses to reconfirm their eligibility every fortnight for JobSaver and the Micro Business Grant.

Service NSW will send emails out to every business on JobSaver or the Micro Business Grant to requalify fortnightly at the end of each fortnight.

Payments will only be made once you reconfirm your eligibility (within 5 business days of the confirmation).

Note if you delay confirmation for any reason (such as waiting for the accounting system to be updated by your bookkeeper / accountant), you will still receive the payment, albeit later than you have been.  And you can reconfirm multiple fortnights in one go.  But if you don’t re-confirm at all, you will not get paid.

What does the re-confirmation mean?

Under the requalification rules announced, in order to continue to qualify for JobSaver, or the Micro Business Grant, your business:

  • must continue to experience a decline in turnover of 30% or more, compared to:
    • the same period in 2019, or
    • the same period in 2020, or
    • the 2-week period immediately before lockdown started in your area which for Sydney was 12 to 25 June 2021; and,
  • if you are an employing business, maintain your employee headcount as stated in your application.

You therefore you will need work out whether your turnover for the applicable two week period is still 30% down on the comparison period used in the original application for JobSaver or the Micro Business Grant.

For example, in your original application you compared 1 to 14 July 2021 with 12 to 25 June 2021 to demonstrate the turnover decline, you need to compare your turnover in the applicable fortnight compared with the turnover reported for 12 to 25 June 2021.

If you compared with 1 to 14 July 2019, you need to compare your turnover in the applicable fortnight compared with the turnover reported for 1 to 14 July 2019.

If the comparison period used in the initial application was more than 2 weeks (for example, a 3-week period, 4-week period or 5-week period), the turnover amount for the comparison period must be converted to a fortnightly amount for comparison purposes to the current turnover by dividing by the number of days in the period and multiplying by 14.

The good news is that you do not need to get a new accountant’s letter each fortnight, but you do need to keep evidence to support your confirmation in case you get audited.

What happens if you are ineligible for one fortnight?

If you are ineligible for a fortnight, you will not get any support for that fortnight.

But this does not disqualify you from becoming eligible again in a future fortnight for either JobSaver or the Micro Business Grant.

If you re-qualify in a future fortnight, you don’t need to re-apply.  Instead, you should still be getting re-qualification emails from Service NSW that you then declare you qualify for that particular fortnight.  And Service NSW will then make the appropriate support payment for that fortnight.

So, watch out for these emails from Service NSW.  If your accountant applied on your behalf, they will need to reconfirm on your behalf.

Service NSW Links for the Jobsaver Micro Business Grant Re-Qualification

In respect of JobSaver click here.

In respect of the Micro Business Grant click here

 

 

 

If you want a confidential discussion on your business situation, or help with these grants contact me below

 

 

If you like this, why not share this with a friend, simply click on one of the icons to the left or below
[simple-social-share]

Contact Wayne Wanders for your FREE Business Survival Session

To ensure I help your business specifically, the best approach I have found is to have an obligation free session with you.  In this session we will review your current business in a factual and objective manner, to better understand the challenges that you face.  And this session does not need to be face to face.

At the end of this session, you will have multiple ideas on how your business can survive and thrive in these uncertain times.

Simply fill in the contact form below or email me at wayne@aRealCFO.com.au or call me on 0412 227 052 to organise one of these obligation free sessions.

13 + 12 =

To get help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times, simply use the contact form on the left to email Wayne or call him on 0412 227 052.

We promise to keep your email address safe.

Let Wayne Wanders, a fully qualified and experienced CFO, help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times.

Wayne Wanders, A Real CFO

wayne@aRealCFO.com.au

If you like this, why not share this with a friend, simply click on one of the icons to the left or below
Business Survival Guide