The panel is designed to assess businesses that are experiencing financial hardship but do not meet the criteria for the current COVID-19 business grant, micro-business grant and JobSaver payments.
Businesses can apply to the panel through Service NSW if they’ve had their other applications refused, or do not meet the eligibility criteria for other measures.
The hardship panel will make its assessments on a case-by-case basis, considering a broad range of factors in determining whether a business has experienced financial hardship. From there, the panel will make recommendations on businesses’ eligibility for relevant support payments and grants.
While the panel will include representatives from Revenue NSW, NSW Treasury and Service NSW, the Chief Commissioner of Revenue NSW will be ultimately responsible for the final decision.
“COVID-19 has affected so many businesses in NSW and even though we have a number of support measures in place, there are still some businesses under severe financial strain that aren’t eligible for assistance for a number of reasons. We want to plug that gap as much as we can,” said Minister for Finance and Small Business Damien Tudehope.
Applications for JobSaver are now open and hardship COVID-19 business grants and micro-business grants are due to open later this month.