RECOVERY GRANT - EXPANDED ELIGIBILITY

The NSW Government has extended the application timeframe for its $75,000 Special Disaster Grant to the 15 December 2020 and has made changes to the eligibility criteria for primary producers and small businesses, impacted by the 2019-2020 bushfires.

Key eligibility changes include;

👉 Removal of the off-farm income threshold where an applicant’s income from primary production is less than 50 per cent of their total income.

👉 Allowing extra time for applicants to reach the 50 per cent income threshold in recognition of long lead times required by some sectors to reach full production.

👉 Applicants are no longer required to be registered for GST but must still hold an ABN.

👉Businesses earning more than 50 per cent of their income from a combination of primary production and goods made directly from that produce will now be eligible for assistance.

Applicants who were previously unsuccessful and may now be eligible will not need to reapply - agencies administering the grants will contact these applicants.

Applications for small business assistance in the form of $10,000 and $50,000 grants and concessional loans of up to $500,000 can now also be made up to 15 December 2020.

ℹ️ Further details are available at: www.raa.nsw.gov.au