Everything you need to know about COVID grants

Let’s be honest, the Olympics could not have come at a better time. With half the nation in lockdown and kids being home-schooled it really has provided great inspiration to many.

Unfortunately though, no matter how much we might try to escape reality, the pandemic continues to rage.

Last week the government announced a variety of pandemic packages to support businesses in lockdown, and you’d be forgiven for missing the details.

Below we have all the links you need to check to see if you are eligible for financial support this time around. 

Generally speaking, to be eligible your business needs to show a fall in turnover for a specified period in 2021, compared to an earlier corresponding period.

It’s also important to note that some of the grants are time critical.

To see if your business is eligible for support and what periods you need to compare, check the government website for your state or territory:

• New South Wales
• Victoria
• Queensland
• Western Australia
• South Australia
• Tasmania
• ACT
• Northern Territory

In other news, as we start August the Australian share market has notched up its tenth straight month in positive territory – that’s the longest positive run since 2007! And from what we are seeing both here and globally, it’s showing no signs of stopping.