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Tourism Industry Market Support Program

Tourism Industry Market Support Program

Tourism Industry Market Support Program

Tasmanian government's Tourism Industry Market Support Program opened for grant applications on 12 August and will run until 30 October 2020 or until all the funds are allocated (whichever occurs first). A total of $750,000 is available and allotment occurs on a first in, first assessed basis.

Key points:

This grant program is aimed at businesses that provide one of the following tourism industry related services:

  • Visitor Attraction
  • Backpacker / Youth Market
  • Self-Contained Accommodation
  • Hosted Accommodation
  • Hotel / Motel / Caravan Park
  • Tour / Transport Operator

The Program will offer two types of grants:

Grant 1 up to $1 000 available as one off marketing support grants.
Grant 2 up to $2 500 available on a dollar for dollar matched basis as one off marketing support grants.

IMPORTANT: Marketing activity that has already been paid and completed will not be eligible for support.

Eligible businesses:

  • Had an active ABN at 29 February 2020 which continues to be active; AND
  • Have an annual turnover of more than $50 000 (excluding GST) for 2018-19 or 2019-20 financial year OR for recently established businesses, estimate that annual turnover will exceed $50 000 (excluding GST) in the 2020-21 financial year; AND
  • At least 50 % of the business owner’s income must be derived from the applicant business; AND
  • Predominantly operate in Tasmania and business owners must reside in Tasmania; AND
  • Provide one of the above listed tourism industry related services.

IMPORTANT: Business owners, through associated entities, can only apply to grant 1 and grant 2 once through this program per ABN.

Ineligible entities:

  • Not-for-profits, incorporated associations and charities;
  • Taxi or ride-sharing operators;
  • Any business under external administration or bankruptcy;
  • Any public company or government body/agency/business enterprises;
  • Third party submissions on behalf of a business owner.

Application process

The application process includes addressing Assessment Criteria in relation to the business's marketing activities and the impact of COVID-19 on their operations. Businesses which can satisfy the grant criteria of Grant 1 and Grant 2 may choose to apply for both grants.

The applications are to be submitted online through the Department of State Growth.

Further information

Please see the program guidelines for further details here.

If you wish to apply for this grant, we would be happy to assist with compiling the necessary supporting information. Please contact your Ruddicks adviser as soon as possible to ensure that there is sufficient time to prepare the necessary financial reports before the applications close or the grant funding is fully allocated.

As always, the Ruddicks partners and staff are here to help with any questions you may have about this grant program or any taxation matters.

DISCLAIMER:

Liability limited by a scheme approved under Professional Standards Legislation.

The content of this newsletter is general in nature. It does not constitute specific advice and readers are encouraged to consult their Ruddicks adviser on any matters of interest. Ruddicks accepts no liability for errors or omissions, or for any loss or damage suffered as a result of any person acting without such advice. This information is current as at 13 August 2020, and was published around that time. Ruddicks particularly accepts no obligation or responsibility for updating this publication for events, including changes to the law, the Australian Taxation Office’s interpretation of the law, or Government announcements arising after that time.

Any advice provided is not ‘financial product advice’ as defined by the Corporations Act. Ruddicks is not licensed to provide financial product advice and taxation is only one of the matters that you need to consider when making a decision on a financial product. You should consider seeking advice from an Australian Financial Services licensee before making any decisions in relation to a financial product. © Ruddicks 2020


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