How much you can get
The COVID-19 Consumer Travel Support Program – Round Two offers a one-off grant of between $7,500 to $100,000. The amount depends on your business’ annual turnover.
You’ll need to make a self-declaration that the turnover amount of your business’ Business Activity Statements (BAS) was not based on Total Transaction Value. The turnover amount was used in the assessment of your Round One payment. The turnover period is either the:
- 2018-19 financial year if the business is an annual BAS reporter
- 2019 calendar year if the business is a monthly or quarterly BAS reporter.
This table shows the grant amount your business can get if it’s eligible. This is based on the turnover amount used to calculate the payment under Round One.
|Annual turnover||Grant amount|
|$50,000 - $99,000||$7,500|
|$100,000 - $199,999||$15,000|
|$200,000 - $299,999||$25,000|
|$300,000 - $399,999||$37,500|
|$400,000 - $499,999||$45,000|
|$500,000 - $999,999||$50,000|
|$1,000,000 - $1,999,999||$62,500|
|$2,000,000 - $2,999,999||$75,000|
|$3,000,000 - $20,000,000||$100,000|
This grant is taxable. This means it must be included in your business’ income tax return for the relevant years. There are no GST consequences for your business if you get the grant.
Reporting your taxable income
If the grant is included in your or your partner’s individual tax return, it will form part of your adjusted taxable income if you either:
- get family assistance payments
- have a child support assessment.
If you get family assistance
You need to include any Round One and Round Two grants in your family income estimate, as it’s taxable income. You need to do this if you or your partner get either:
If you have a child support assessment
The grant will also form part of your adjusted taxable income for child support. You must include it in any income estimate you submit for the 2020-21 financial year.
Page last updated: 2 May 2021
This information was printed 11 June 2021 from https://www.servicesaustralia.gov.au/organisations/business/services/centrelink/covid-19-consumer-travel-support-program-round-two/how-much-you-can-get. It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.servicesaustralia.gov.au/individuals/site-notices when using this material.