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Government Financial Support  - covid-19

25 March 2020 by Michael Giffney 0 Comments

We have created a government support list that is available to fight the impact of the covid-19. The list isn't complete but hopefully will assist businesses and individuals to find the right support. We will update this regularly.

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  Affected by Covid-19

 

  • Carers
  • Families
  • Indigenous Australians
  • Job seekers
  • Older Australians
  • People with disability
  • Rural & Remote
  • Students & Trainees
  • People who don't get a payment from us

      Further information: Australian Government Website


 
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   ATO Support

 

  • Early access to your superannuation
  • Reducing superannuation minimum drawdown rates
  • Small to Medium business cash flow boost - up to $50K
  • Small to Medium business additional cash flow boost - up to $50K
  • Changing your GST reporting cycle
  • Vary pay as you go instalments
  • Payment deferrals
  • Remitting interest and penalties
  • Increase the instant asset write off

     Further information: ATO Website

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   Business      

     

     Business Loans

  • Coronavirus SME Guarantee Scheme
  • Quick & efficient access to credit for small businesses
  • Supporting the flow and reducing the cost of credit - Reserve bank
  •  Small Lenders Support

     Further Information: Business website

     Creditors Relief

  • Temporary higher thresholds and more time to respond to demands from creditors
  • Temporary relief from directors' personal liability for trading while insolvent
  • ASIC has the power to offer relief from some provisions or take no action for not complying with some provision

     Further information: Business Website

    Business Apprentice Support

    Further Information: Business Website

 

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  • Payroll tax relief
  • Payroll tax threshold for 2020-2021 limit increase to $1 million
  • Waive of fees & charges
  • Bring forward $250 on public assets maintenance
  • $500 million to bring forward capital works

     Further information: NSW Governemnt Webite

 

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  • Payroll tax relief
  • Payroll tax deferral 
  • Tenants in government buildings can apply for rent relief
  • $500 million Business Support Fund
  • Government to pay all outstanding supplier invoices within 5 business days
  • $500 million Working for Victoria Fund

     Further information: Vic Government

 

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  • $2.5 billion for workers and industry support packages
  • Payroll tax relief
  • Industry Support Packages
  • Other Support for Business
  • $300 million for households
  • $1.2 billion for health

    Further information: Qld Government

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  • $350 million Stimulus Package
  • $15 million local hospital upgrades

     Further information: SA Website

  • $50 million to create jobs

    Further information: SA Website

 

Home  

  • Payroll tax relief
  • Payroll tax deferral
  • $607 million households and small business support
  • $402 million to freeze household fees and charges until at least 1/7/20
  • Energy Assistance Payments

     Further information: WA Website

 

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  • $420 million Package
  • Household assistances
  • Assistance for small business
  • Assistance of Local Government

     Further information: Tasmania

 

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  • Jobs Rescue & Recovery Package
  • Home Improvement Scheme
  • Business IMprovement Grant
  • Immediate Work Grant
  • Small Business Survival Fund
  • Payroll Tax

     Further Information: NT Website

 

 

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