Nature and amount of assistance
7 Nature and amount of assistance
The nature of the assistance available to an applicant under the scheme is the grant of financial assistance for an eligible entity.
For an applicant who is eligible to receive assistance under the scheme for an eligible entity under section 8, a grant of financial assistance (an initial grant) is payable under the scheme in the amount of—
$10,000, if—
the eligible entity’s wages and superannuation amount for a relevant financial year was less than $1,300,000 or the entity was not trading during any relevant financial year; and
paragraphs (b) and (c) do not apply; or
$15,000, if—
the eligible entity’s wages and superannuation amount for a relevant financial year was not less than $1,300,000 but not more than $10,000,000; and
paragraph (c) does not apply; or
$30,000, if—
the eligible entity’s wages and superannuation amount for a relevant financial year was more than $10,000,000; and
the primary activity of the entity is a tourism and hospitality activity.
Also, for an applicant who is eligible to receive assistance under the scheme for an eligible entity under section 8A, an additional grant of financial assistance (an ongoing hardship grant) in the amount of $5,000 is payable under the scheme.
In this section—
wages and superannuation amount, of an eligible entity for a relevant financial year, means the total of the wages and superannuation paid by the eligible entity to its employees during the relevant financial year.
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