What is the Tourism Survival Fund?
The Tourism Survival Fund is a grant opportunity to support touring companies, professional conference organisers, businesses with a focus on exhibition booth builds and eligible attractions that have experienced mass cancellations due to restrictions put in place by interstate governments on travel.
A $1.3 million Tourism Survival Fund is being rolled out to assist touring companies, professional conference organisers, exhibition build companies and eligible attractions, providing highly targeted support to those operators most impacted by the lack of international visitors and who have not benefitted from tourism vouchers, has been announced.
An eligible business can access the lockdown payment (round 2) plus one of the targeted grant options. Which includes:
- the Tourism Survival Fund or
- the Visitation Reliant Small Business Support Program or
- the Arts and Culture COVID-19 Interruption Support Program
A business cannot access 1, 2 and 3 together.
Eligible businesses in the Northern Territory will be able to access payments of up to $30,000 under a co-funded scheme. Eligible businesses must show a significant decrease in turnover (minimum 30%) during the period July 2021, compared to the same period in 2019.
Eligible businesses will receive one-off, scaled payments based on their annual turnover:
- $5000 – from $75,000 to $250,000 turnover
- $10,000 – from $250,001 to $1 million turnover
- $20,000 – from $1,000,001 to $5 million turnover
- $30,000 – from $5,000,001 to $10 million turnover.
To be eligible, you must:
- be a Territory Enterprise
- hold a valid Australian business number (ABN)
- have been registered for goods and services tax (GST) as at 1 July 2019
- be a touring company, a professional conference organiser or an eligible attraction
- be actively trading with an annual turnover of more than $75,000 and less than $10 million
- have had to temporarily cease or significantly reduce trading (that is, suffered a drop of 30% or more in turnover from 1 to 31 July 2021 as compared to the same period in 2019) as a direct result of the downturn in visitor numbers to the NT (whether because of government imposed restrictions or not)
- be listed on the Australian Tourism Data Warehouse (ATDW) or have applied for a listing
- not have an outstanding debt due and payable to the NT government.
Applications close 31 January 2022.