Small business

A new rebate increase to benefit and support small businesses was announced today

- March 25, 2022 2 MIN READ

Minister for Customer Service and Digital Government, Victor Dominello, has announced sweeping rebates that could deliver thousands in savings to small businesses. The Small Business Fees and Charges Rebate will increase from $2,000 to $3,000 and be available until the 30th of June.

Since being introduced in 2021, the rebate has helped more than 88,000 businesses collectively save $119 million. The increase will help businesses during this trying time and help out with accumulating fees.

Dominello believes that the change will further support businesses to grow by reducing the costs of running a business.

“Once approved, businesses will be provided with a $3,000 digital voucher in their Business Profile which applicants can claim against,” Dominello said.

RAT test rebate rolled out to eligible businesses

Along with the increase in rebates, eligible businesses and not-for-profit organisations will be able to claim a rebate of 50 per cent on the cost of RATs (Rapid Antigen Tests).

“Eligible businesses can simply lodge their proof of payment, and 50 per cent of their expenditure on RATs will be reimbursed back into bank accounts.”

Dominello says small businesses don’t need to worry if they have reached their rebate limit as their MyServiceNSW Business Profile will be topped up. Their accounts will receive an additional $1000 to access the rebate for RATs or to be put towards their other claimable business expenses.

The rebate for rapid antigen tests will benefit the business and workers as it will assist them in taking tests when required.

Rebate increase will help support businesses during tough times

Minister for Small Business Eleni Petinos says that the rebate has tripled in value since its introduction in 2021. She recognises that businesses need all the help and support they can get since the pandemic’s beginning.

“We understand how tough it has been for so many businesses and this will provide further support where needed,” Petinos said.

“Throughout this pandemic, we have backed small businesses, and these changes reflect our continued commitment to helping them keep costs down and doors open.”

The increase in rebates will keep small businesses afloat, making sure that they stay open and recover from the impacts of COVID-19 and other disasters.

Petinos says that the funds are flexible and can be put towards the costs of the NSW Government fees. These include, “food authority licences, liquor licences, tradesperson licences, event fees, outdoor seating fees, council rates and road user tolls for business use.”

For more information and to apply, visit the Service NSW website.

Want more? Get our newsletter delivered straight to your inbox! Follow Kochie’s Business Builders on FacebookTwitter, Instagram, and LinkedIn.

Now read this:

Small business ombudsman welcomes red tape reduction for small business