Tourism Survival Fund in Australia
The Tourism Survival Fund (‘Fund’) is now open to support touring companies, professional conference organisers, businesses with a focus on exhibition booth builds and eligible attractions who have experienced mass cancellations due to restrictions put in place by interstate governments on travel.
The Fund is available for sectors that have been impacted the most, and in particular, that have suffered a loss of peak season 2021 revenue due to their high reliance on international and interstate traveller markets. The Fund is offered in addition to the Territory Tourism Voucher scheme, Summer Sale incentive program and marketing funding for Central Australia as funded by the Australian and NT Governments.
In recognition of the devastating financial impact interstate lockdowns and other restrictions have had on tourism in the NT, including lost visitor expenditure, the Northern Territory Government has developed a multi-pronged approach to support the Territory’s tourism industry. The Tourism Survival Fund has been introduced specifically to assist businesses in the sector which have not benefitted from the Territory Tourism Voucher scheme.
Under the co-funded Northern Territory Government and Australian Government scheme, eligible businesses will be able to access payments between of between $5,000 and $30,000 depending on their annual turnover which must be less than $10 million.
In order to participate in the program a business must meet the definition of an eligible business.
Eligible businesses must be able to demonstrate a significant decrease in turnover (minimum 30%) during the period July 2021, compared to the same period in 2019.
Eligible Attraction means a business that is supported by the Australian Government’s Zoos and Aquariums support package, being Alice Springs Reptile Centre, Crocodylus Park and Crocosaurus Cove as at the commencement date of the Fund.
An Eligible Recipient:
is a Territory Enterprise; and
held a valid Australian Business Number (ABN) and was registered for Goods and Services Tax (GST) as at 1 July 2019; and
is a Touring Company, a Professional Conference Organiser or an Eligible Attraction; and
is actively trading with an annual turnover of more than $75,000 and less than $10 million; and
has had to temporarily cease or significantly reduce trading (ie. suffers a drop of 30% or more in turnover for 1-31 July 2021 as compared to the same period in 2019) as a direct result of the downturn in visitor numbers to the Northern Territory (whether because of government imposed restrictions or not); and
is listed on the Australian Tourism Data Warehouse (ATDW) or has applied for a listing; and
does not have an outstanding debt due and payable to Tourism NT or the Northern Territory Government.
Businesses with an annual turnover exceeding $10 million will be assessed on a case by case basis having regard to the criteria in (d) and (e) and such other relevant matters as the Department may decide in its absolute discretion.
For more information, visit https://businessrecovery.nt.gov.au/businesses/tourism-survival-fund