Grants and Assistance

Grants

The Coalition government offers a range of grants to assist community groups to undertake their important work.   

Local Sporting Champions – OPEN

The Local Sporting Champions programme provides financial assistance for coaches, officials and competitors aged 12-18 participating in state, national or international championships.

The grants available range from $500 to $750.

More details, including how to apply, can be found at https://www.sportaus.gov.au/grants_and_funding/local_sporting_champions 

Safer Communities Round 3 – CLOSED

The Safer Communities Fund provides grants of up to $1 million to community organisations and local governments for local crime prevention and security infrastructure activities and to protect community organisations that may be facing security risks associated with racial and /or religious intolerance.

Round 3 of the Safer Communities programme closed 25 September 2018

Stronger Communities Round 4 – CLOSED

The Stronger Communities Grant Programme contributes up to 50% and between $2,500 and $20,000, to the cost for community groups in Warringah to undertake infrastructure work and purchase new equipment. 

Round 4 of the Stronger Communities Programme closed 18 October 2018

Community Sport Infrastructure Grant Programme – CLOSED 

The Community Sport Infrastructure Grant Programme provides up to $500,000 for local groups to undertake small to medium projects that will help increase physical activity in the community.

This programme has recieved a second allocation of funding which will be awarded to groups who have already applied to this programme.  

For the full range of grants available for community groups visit https://www.communitygrants.gov.au

ASSISTANCE

There is also a range of assistance packages available for business.

Instant asset write-off – OPEN

Business with a turnover of under $10 million can take advantage of a $20,000 instant asset write-off.

Instantly claim the business portion of most depreciating assets that cost less than $20,000 in your tax return for the relevant income year, or only claim a deduction for the portion of the asset used for business or other taxable purposes and not for the portion for private use.

Assets of more than $20,000 can be put into a small business asset pool where you can claim gradual amounts each year.

The Small Business Instant Asset Write-off expires 30 June 2019.

The Morrison Government has introduced legislation to extend the write off to 2020 and increase the cap to $25,000. 

For more information visit https://www.ato.gov.au/business/depreciation-and-capital-expenses-and-allowances/in-detail/depreciating-assets/simplified-depreciation—rules-and-calculations/?page=4 

Tax Incentives for Early-Stage Investors – OPEN 

Tax incentives are available for investors who purchase new shares in an early stage innovation company (ESIC).

Information outlining eligible companies and the types of tax incentives available can be found at https://www.ato.gov.au/Business/Tax-incentives-for-innovation/In-detail/Tax-incentives-for-early-stage-investors/

For the full range of government business assistance visit https://www.business.gov.au/assistance/search