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Queensland small business grants: round 2 soon to open

Mark Fletcher
June 21st, 2020 · No Comments

The Queensland government has announced that round 2 of its small business covid grants program will open on July 1. If this goes like the last round, it will be soaked up quickly. My advice is research the requirements now, so you are ready to apply if you do qualify. It’s a race.

Here is information from their website:

Eligibility criteria
To be eligible, your business must:

  • have been subject to closure or otherwise highly impacted by current shutdown restrictions announced by Queensland’s Chief Health Officer on 23 March 2020
  • demonstrate you have experienced a minimum 30% decline since 23 March 2020, over a minimum 1-month period due to the onset and management of COVID-19
  • employ staff and have fewer than 20 employees at the time of applying for the grant (employees must be on your payroll and does not include the business owner(s))
  • have a valid Australian Business Number (ABN) active as at 23 March 2020
  • be registered for GST
  • have a Queensland headquarters
  • have an annual turnover over $75,000 for the 2018–19 or 2019–20 financial year, or you can provide financial records that show this will be met for recently started small businesses
  • have a payroll of less than $1.3 million
  • not be insolvent or have owners or directors that are an undischarged bankrupt.

Only 1 application per round will be accepted from an individual ABN or a financial beneficiary of a business.

Successful applicants from round 1 of this program cannot apply for funding under round 2.

If you have submitted a round 1 application but haven’t heard back yet, you are eligible to apply for round 2.

Use the eligibility tool below to find out if your business is eligible to apply.

Read the frequently asked questions for more information regarding eligibility.

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