Small Business Grant

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The Small Business Grant is designed to encourage small businesses in New South Wales that do not pay payroll tax to hire new employees and expand their business.

To be eligible for the grant your business must:

  • have an active ABN
  • not have a payroll tax liability, during the 12 month employment period of a new person as at 30 June of the financial year.

A business will receive the grant if all the following employment conditions are met:

  • person is employed in a position that is a new job.
  • employment commences on or after 1 July 2015 and before 1 July 2019.
  • employment is maintained for a period of 12 months.
  • your number of full-time equivalent employees, prior to creating a new position must increase and be maintained over a 12 month period.

Registration

Registering for the grant will be made available on 1 July 2015 via the Small Business Grant (Employment Incentive) online application on the OSR website.

Registration for the grant can be made:

  • within 60 days after the employment commences.

Claim

You can claim the grant through the Small Business Grant (Employment Incentive) online application.

  • within 60 days after the 12 month anniversary date.

For full-time employees the grant amount is $2,000.

In the case of part time or casual employees, the grant amount will be pro-rated. 

Disclaimer - The material contained in this newsletter does not constitute advice. DPL is not responsible for any action taken in reliance on any information contained in this newsletter. Anyone reading the newsletter should not act upon material contained in this newsletter without appropriate consultation.


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I would like to say that Loewy Consulting Partners provide prompt and helpful advice in processing my income tax and in dealing with the Australian taxation office and highly recommend their services to my colleagues. The staff are friendly and always available to assist with knowledgeable advice.

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MB BS FRACP, Consultant Physician in Nuclear Medicine, Concord and Nepean Hospitals, Clinical Lecturer, Discipline of Imaging, University of Sydney