An expected 7,400 qualified small to medium businesses in Western Australia will begin receiving the $17,500 one-off grant from the McGowan Government this week.
On Thursday, Finance Minister Ben Wyatt says, “We are very aware of the impact that the pandemic has had on local businesses and jobs, and we thank every business for playing their role in helping stop the spread of the virus in WA.”
The one-off grants will help them recover from the economic fallout due to the COVID-19 pandemic. There is no need to apply for the grant. It will be sent automatically to all qualifying businesses.
The subsidy is part of the over $2.3 billion COVID-19 stimulus and relief efforts of the state government to provide assistance to households and businesses.
Eligible businesses are payroll tax paying businesses with a payroll between $1 million and $4 million. They can be employers or a group of employers.
For employers not registered for payroll tax in 2018-19, their eligibility will be ascertained on their reconciled 2019-20 Australian taxable wages, with grants paid later in 2020.
A special assistance centre has also been set up by the State Government through the Small Business Development Corporation (SBDC) to address enquiries from business owners regarding information on eligibility requirements and available support packages. SBDC also provides advice for businesses currently ineligible for financial aid packages.