1Short titleThis regulation may be cited as the Rural and Regional Adjustment (Variation of COVID-19 Business Support Grants Scheme (August 2021)) Amendment Regulation 2021.2Regulation amendedThis regulation amends the Rural and Regional Adjustment Regulation 2011.3Insertion of new pt 4, div 9Part 4—insert—Division 9Transitional provision for Rural and Regional Adjustment (Variation of COVID-19 Business Support Grants Scheme (August 2021)) Amendment Regulation 202116Application of increased amount of assistance(1)Schedule 37, section 7, as amended by the amendment regulation, applies in relation to an applicant who applies for assistance under the scheme set out in that schedule, whether the application was made before or after the commencement.(2)In this section—amendment regulation means the Rural and Regional Adjustment (Variation of COVID-19 Business Support Grants Scheme (August 2021)) Amendment Regulation 2021.4Amendment of sch 37, s 7 (Nature and amount of assistance)Schedule 37, section 7(2)—omit, insert—(2)The amount of assistance payable under the scheme is—

(a)$10,000, if—

(i)the eligible entity’s wages and superannuation amount for a relevant financial year was less than $1,300,000 or the entity was not trading during any relevant financial year; and

(ii)paragraphs (b) and (c) do not apply; or

(b)$15,000, if—

(i)the eligible entity’s wages and superannuation amount for a relevant financial year was not less than $1,300,000 but not more than $10,000,000; and

(ii)paragraph (c) does not apply; or

(c)$30,000, if—

(i)the eligible entity’s wages and superannuation amount for a relevant financial year was more than $10,000,000; and

(ii)the primary activity of the entity is a tourism and hospitality activity.

(3)In this section—wages and superannuation amount, of an eligible entity for a relevant financial year, means the total of the wages and superannuation paid by the eligible entity to its employees during the relevant financial year.