{"id":12098,"date":"2018-10-09T15:44:07","date_gmt":"2018-10-09T04:44:07","guid":{"rendered":"https:\/\/adviceco.stackedsite.com\/2019\/10\/09\/2015-august_article-1-government-announces-small-business-grant\/"},"modified":"2020-03-11T15:44:39","modified_gmt":"2020-03-11T04:44:39","slug":"2015-august_article-1-government-announces-small-business-grant","status":"publish","type":"post","link":"https:\/\/adviceco.com.au\/2015-august_article-1-government-announces-small-business-grant\/","title":{"rendered":"Government announces Small Business Grant"},"content":{"rendered":"
Under the incentive scheme, businesses that increase the number of NSW full-time equivalent (NSW FTE) employees, will receive a grant at the anniversary date of employment for each additional NSW employee in a position that is a new job.\n<\/p>\n
Employers are required to register their business and the employment of a person in a position that is a new job. When registering a new job employers will be required to advise the number of NSW FTE employees immediately before the position was filled.<\/p>\n<\/p>\n
Registration for the grant can be made:<\/p>\n
Registration for the grant is available at www.osr.nsw.gov.au<\/p>\n
To be eligible for the grant your business must:<\/p>\n
\nThe employment of a person is eligible for the grant if:<\/p>\n
A new job is created if the number of your NSW FTE employees increased and that FTE is maintained over a 12 month period from the creation of the new position.<\/p>\n
If your NSW FTE falls below the required number for more than 30 days any time during the 12 months, the Chief Commissioner may refuse to pay the grant.<\/p>\n
You will have the option of calculating your NSW FTE using the online application, or to manually calculate the figure using the below formula.<\/p>\n
The number of NSW FTE employees of an employer on the date of appointment of a new employee (excluding the new employee) and the 12 month anniversary of a new employee’s appointment (including the new employee) is the sum of F + A\/B, where:<\/p>\n
\nF = the number of full-time NSW employees on that date
\nA = the total number of hours worked in the preceding pay period by all part-time NSW employees employed on that date
\nB = the average number of hours worked in the preceding pay period by all full-time NSW employees employed on that date.<\/p>\n
The Chief Commissioner may agree to an alternative method of calculating the number of NSW FTE employees if it is too difficult or costly to determine the exact figures.<\/p>\n
To be eligible for the grant, the minimum employment period is 12 months starting on the date the employment concerned is claimed to commence.<\/p>\n
Employment is maintained if there is always a person employed in the position for which the grant is claimed.<\/p>\n
A vacancy in a position can be disregarded if the number of days vacant does not exceed a total of 30 days in each year of employment for which the rebate is claimed.<\/p>\n
The rebate may be paid if the 30 days are exceeded but only if the Chief Commissioner is satisfied that the length of the vacancy is beyond the employer’s control. In this case the rebate will be paid on a pro-rata basis.<\/p>\n
The employment of a person by an employer is excluded from the grant if:<\/p>\n
Only workers you engage as employees will be eligible for the grant. An employee works in your business and is part of your business, whereas a contractor is running their own business and provides services to your business. Contractors and employment agency workers are considered not to be employees.<\/p>\n
You will not be eligible for the grant if you pay wages to employees working in:<\/p>\n
Registering for the grant is available from 1 July 2015 via an online application.<\/p>\n
You are required to register the employment of a person in a position that is a new job and advise us of your NSW FTE employees immediately before the position was filled.<\/p>\n
Registration for the grant can be made:<\/p>\n
You can apply through the Small Business Grant (Employment Incentive) online application.<\/p>\n
You can claim the grant through the Small Business Grant (Employment Incentive) online application at www.osr.nsw.gov.au<\/p>\n
A claim for grant may be lodged:<\/p>\n
When you register for the grant, you do not need to provide any supporting evidence. However, you must provide supporting evidence when claiming for the grant.<\/p>\n
Supporting evidence may include but is not limited to:<\/p>\n
The grant is a one off payment per new position and is paid by Electronic Funds Transfer when a claim is made on the 12 month anniversary of when the position was created.<\/p>\n<\/p>\n
For full-time employees the grant amount is $2000.<\/p>\n
In the cast of part-time or casual employees, the grant amount will be pro-rated based on FTE hours of employment. The amount payable on the anniversary will be the annual grant amount x C\/D, where:
\nC = the number of hours worked by the employee during the previous 12 months
\nD = the average number of hours worked by full-time employees during the previous 12 months.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Small Business Grant is designed to encourage small businesses that do not pay payroll tax to employ new full-time, part-time and casual workers and expand their enterprises across NSW.<\/p>\n","protected":false},"author":1252,"featured_media":12099,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38,23,1],"tags":[],"class_list":["post-12098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-b-mail","category-tax","category-uncategorized"],"yoast_head":"\n