$600 MILLION PACKAGE TO HELP QUEENSLAND BUSINESS

Archive-News

Politics

19-08-2021

The Australian and Queensland Governments have reached a 50/50 funding agreement that will see the value of the Queensland COVID-19 Business Support Grants rise to $600 million. As part of the package, additional support for businesses that have had a decline in turnover of more than 30 per cent will include:
• A $1000 one-off grant to non-employing sole traders across Queensland that have had a decline in turnover of more than 30 per cent
• Payroll-based support for all businesses across Queensland, that have had a decline in turnover of more than 30 per cent
• A $5000 one-off, top-up grant to small business with payroll of less than $1.3 million
• A $10,000 one-off, top-up grant to medium sized business with payroll between $1.3 million and $10 million
• A $25,000 one-off, top-up grant to large sized tourism and hospitality focused businesses only with payroll of greater than $10 million.

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