Small Business Grant

16 Jul 16

1. Small Business Grant

   The Small Business Grant (SBG) is a key priority of the NSW Government designed to encourage small businesses in NSW, that do not pay payroll tax, to hire new employees and expand their business. The SBG applies to new jobs created on or after 1 July 2015 and will continue until 30 June 2019.

   The SBG is a one-off payment and is paid when a claim is made on the 12-month anniversary of the hire of a new employee. For full time employees, the amount of the SBG is $2,000. In the case of a part time
   or casual employee, the amount of the SBG will be prorated based on the number of hours worked compared to the standard hours of that particular employer's full time employees.

   Businesses cannot claim both the $2,000 SBG and the $5,000 Payroll Tax Jobs Action Plan rebate.

   To obtain the SBG, employers will initially register a new employee with OSR within 60 days after the employee commences work. An employer who satis es the eligibility criteria can apply for payment of the SBG within 60 days after the rst anniversary of the date on which the employment commenced.

   To be eligible for the SBG, a business must:

   • ƒ have an active ABN
   • ƒ during the 12-month employing period of a new person, not have a payroll tax liability as at 30 June of that nancial year.

The eligibility criteria for the SBG have been designed to ensure employers increase the number of employees for at least 12 months

• Employment is eligible employment if:
  ƒ
      the employer is an eligible small business
•    the person is employed in a position that is a new job
  ƒ the employment commences between 1 July 2015 and 30 June 2019 ƒ
      the services of the employee are performed wholly or mainly in NSW.