The Territory Small Business Survival Payment (‘Program’) is established under the Jobs First Plan and to provide businesses significantly impacted by COVID-19 with funding to help them survive, adapt and prepare for the economic rebound.
NOTE: Not-for-profit organisations are not eligible under this program.
BEFORE YOU START: you must read and agree to the Program Terms and Conditions in full. Note in particular:
An Eligible Business:
- is a Territory Enterprise; and
- holds a valid Australian Business Number as at 1 October 2019; and
- was providing goods and/or services to the public wholly or substantially in the Northern Territory as at 1 October 2019; and
- is an actively trading private small business with an annual turnover of at least $75,000 and less than $10 million; and
- can demonstrate a minimum of 50% reduction in turnover experienced in October 2020 compared to October 2019; and
- can provide valid conclusive evidence of its employee numbers and financial situation.
Excluded Recipients are private and public schools, private and public educational institutions, government agencies, government owned/ controlled bodies, not-for-profit organisations, statutory corporations, and local government bodies.
FTE means a Full Time Equivalent Employee of the Eligible Business.
Grant means a one-off cash payment as described in Clause 3.3.
Territory Enterprise is a business that satisfies all of the following:
- operating in the Northern Territory - the enterprise is actively trading out of premises located in the Northern Territory; and
- has a significant permanent presence - the business maintains an office, manufacturing facilities or other permanent base within the Northern Territory; and
- employs Northern Territory residents.
Turnover is calculated using the same calculation of turnover as for the JobKeeper Payment (available at Calculating turnover)
The Department reserves the right to conduct an Audit at any time during the Program or within 12 months after the Program’s End Date.