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Australia Queensland businesses given $5000 lockdown lifeline

07:12  02 august  2021
07:12  02 august  2021 Source:   9news.com.au

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Businesses struggling under Queensland's recent lockdown have been handed a financial support lifeline in the form of $5000 lockdown grants.

Queensland Treasurer Cameron Dick today announced the $260 million support package that will be open to all businesses in the state regardless of whether they're in a lockdown location.

Mr Dick said while the grants were aimed primarily at small and medium-sized Queensland businesses, large hospitality and tourism companies had also felt COVID-19's effect.

READ MORE: South-east Queensland extends lockdown

a man wearing a suit and tie: Queensland Treasurer Cameron Dick today announced the $260 million support package. © Nine Queensland Treasurer Cameron Dick today announced the $260 million support package.

"We've had two lockdowns in the space of one month, and that just hasn't allowed Queensland businesses to be able to recover from the impact," Mr Dick said.

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"$5000 will be grants available to Queensland businesses, not just businesses in the locked-down area.

"That will be available to all Queensland businesses."

Businesses eligible to apply for the grants will have to show they have experienced at least a 30 per cent reduction in turnover due to Queensland's lockdown.


Video: COVID financial support should have (Sky News Australia)

The Queensland Government defines small and medium businesses as having a turnover of more than $75,000 per annum and an annual payroll in Queensland of up to $10 million.

Large hospitality and tourism companies wishing to apply will have to be operating in one of the 11 government areas currently under lockdown and will be subject to further eligibility criteria.

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READ MORE: Everything you need to know about Queensland's COVID-19 lockdown after new extension

a passenger bus that is parked on the side of a building: Businesses eligible to apply for the grants will have to have experienced at least a 30 per cent reduction in turnover due to Queensland's ongoing lockdown. © Nine Businesses eligible to apply for the grants will have to have experienced at least a 30 per cent reduction in turnover due to Queensland's ongoing lockdown.

Online applications will become open in the coming days, with grant payments made into those businesses' accounts within two weeks of government approval.

However, questions have already been raised about how effective that two-week turnaround is for businesses already struggling.

Mr Dick defended the timeframe for payments.

"We are looking to set up the processing administrative process for this within two weeks. That will be twice as fast as New South Wales," he said.

"We will work as hard as we can.

"We will be getting the money out as quickly as we can."

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Thousands of businesses across Queensland's south-east scramble to reopen their doors within COVID-19 restrictions as millions of residents enjoy their first day of freedom after lockdown was lifted. More than 3 million people under strict stay-at-home orders were able to venture out of their homes for the first time in eight days as of 4:00PM on Sunday.The Delta outbreak rapidly spread throughout several major Brisbane schools, sending nearly 8,000 Queenslanders into quarantine.

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