The McGowan Government has worked with industry to bring forward the delivery of support for small businesses affected by public health safety measures, as part of the recently announced $67 million Level 1 Business Assistance Package and $72 million Level 2 Business Assistance Package.
For the Level 1 Small Business Rental Relief Package, the period of time for small businesses to have experienced a 30 per cent or more decline in revenue has been shortened from six to four weeks.
For the Level 2 Small Business Hardship Grant Program, the period for small businesses to have experienced a 50 per cent or more decline in revenue has been reduced from four to two weeks.
The decline in revenue is for any consecutive period between January 1, 2022 and April 30, 2022 compared to an equivalent period in 2021. An alternative period in 2021 may be used if the business did not operate at that time or it provides an inaccurate representation of the business' financial situation.
Premier Mr McGowan says the move came following consultation with industry.
"We continue to listen and respond to industry to ensure that our assistance is targeted to support those businesses most in need. Shortening the period to be eligible for the Level 1 and Level 2 grants program will ensure that small businesses receive support in a timely manner," he said.
The Australian Hotels Association (WA) has welcomed the changes which will help provide support to hospitality venues affected by trading restrictions.
AHA(WA) CEO Bradley Woods said reducing the timeframe that businesses need to demonstrate a downturn in revenue will result in businesses being able to access financial assistance sooner.
“The Level 2 COVID-19 Business Assistance Package in particular contains meaningful support and today’s adjustments to the scheme will result in businesses being able to receive material relief,” Mr Woods said.
“There are still many unknowns for the WA hospitality industry in the weeks and months ahead and the AHA will maintain ongoing communication and engagement with the WA Government to ensure it is abreast of the severity of the impact on the industry.”
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