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Federal Government


Art


Business Support


Support for Coronavirus-affected regions and communities (PDF)

The Government has set aside $1 billion to support regions most significantly affected by the Coronavirus outbreak. These funds will be available to assist during the outbreak and the recovery. In addition, the Government is assisting our airline industry by providing relief from a number of taxes and Government charges estimated to total up to $715 million.

https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Assistance_for_severely_affected_regions_and_sectors.pdf


Supporting apprentices and trainees (PDF)

To support small businesses to retain their apprentices and trainees, eligible businesses can apply for a wage subsidy of 50 per cent of the apprentice's, or trainee's wage paid during the 9 months from 1 January 2020 to 30 September 2020. Employers will be reimbursed up to a maximum of $21,000 per eligible apprentice or trainee ($7,000 per quarter).

https://treasury.gov.au/sites/default/files/2020-04/fact_sheet-supporting_apprentices_and_trainees_0.pdf


Increasing the instant asset write-off and Backing business investment (PDF)

The Government is increasing the instant asset write-off threshold from $30,000 to $150,000 and expanding access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million) until 30 June 2020. In 2017-18 there were more than 360,000 businesses that benefited from the current instant asset write-off, claiming deductions to the value of over $4 billion.

The Government is providing a time limited 15 month investment incentive (through to 30 June 2021) to support business investment and economic growth over the short term, by accelerating depreciation deductions.

https://treasury.gov.au/sites/default/files/2020-04/Fact_Sheet-Delivering_support_for_business_investment.pdf


Temporary relief for financially distressed businesses (PDF)

The economic impacts of the Coronavirus and health measures to prevent its spread could see many otherwise profitable and viable businesses temporarily face financial distress. It is important that these businesses have a safety net to make sure that when the crisis has passed they can resume normal business operations. One element of that safety net is to lessen the threat of actions that could unnecessarily push them into insolvency and force the winding up of the business.

https://treasury.gov.au/sites/default/files/2020-04/Fact_sheet-Providing_temporary_relief_for_financially_distressed_businesses.pdf


Cash flow support for small and medium businesses (PDF)

The Government is providing temporary cash flow support of up to $100,000 for eligible small and medium-sized businesses, and not-for-profits (NFPs) that employ staff to help with their cash flow so they can keep operating, pay their rent, electricity and other bills and retain staff. This will be done through two sets of cash flow boosts, with the first delivered from 28 April 2020, through credits in the activity statement system. Eligible businesses do not need to apply with a separate form.

https://treasury.gov.au/sites/default/files/2020-04/fact_sheet-boosting_cash_flow_for_employers.pdf


Support for Businesses

The Australian Government is supporting Australian businesses to manage cash flow challenges and retain employees. Assistance includes cash flow support to businesses and temporary measures to provide relief for financially distressed businesses.

https://treasury.gov.au/coronavirus/businesses


Coronavirus information and support for business

https://business.gov.au/Risk-management/Emergency-management/Coronavirus-information-and-support-for-business


Support For Sole Traders (PDF)

The Government is providing vital support to sole traders to withstand the economic impacts of the Coronavirus.

https://treasury.gov.au/sites/default/files/2020-04/Fact_sheet-Support_for_sole_traders_1.pdf


JobKeeper


Enrol for the JobKeeper payment

https://www.ato.gov.au/general/jobkeeper-payment/employers/enrol-for-the-jobkeeper-payment/


Protecting integrity (PDF)

https://treasury.gov.au/sites/default/files/2020-04/Fact_sheet_Protecting_integrity.pdf


JobKeeper payment - Frequently asked questions (PDF)

https://treasury.gov.au/sites/default/files/2020-05/JobKeeper_payment_frequently_asked_questions.pdf


JobKeeper payment - Information for employers (PDF)

https://treasury.gov.au/sites/default/files/2020-05/Fact_sheet_JobKeeper_Info_for_Employers.pdf


JobKeeper - timeline of content updates

https://www.ato.gov.au/General/JobKeeper-Payment/In-detail/JobKeeper---timeline-of-content-updates/


JobKeeper guide - employers not reporting through STP

https://www.ato.gov.au/general/jobkeeper-payment/In-detail/JobKeeper-guide---employers-not-reporting-through-STP/


JobKeeper guide - employers reporting through STP

https://www.ato.gov.au/general/jobkeeper-payment/In-detail/JobKeeper-guide---employers-reporting-through-STP/


JobKeeper guide - sole traders

https://www.ato.gov.au/general/jobkeeper-payment/In-detail/JobKeeper-guide---sole-traders/


Jobkeeper Update on the 24th April

Jobkeeper update relating to "Employees employed through a special purpose entity, rather than an operating entity", "Charities and the treatment of government revenue", "Religious practitioners", "'One in, all in' principle", "Full time students aged 16 and 17 years old", "International Aid Organisations" and "Universities".

https://ministers.treasury.gov.au/ministers/josh-frydenberg-2018/media-releases/jobkeeper-update


Supporting businesses to retain jobs (PDF)

https://treasury.gov.au/sites/default/files/2020-05/Fact_sheet_JobKeeper_supporting_businesses.pdf


Financial System


Supporting the Flow of Credit (PDF)

The Government, the Reserve Bank of Australia and the Australian Prudential Regulation Authority have taken coordinated action to ensure the flow of credit in the Australian economy. Timely access to credit is vital for businesses to manage the impacts of the Coronavirus.

https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Supporting_the_flow_of_credit_1.pdf


Fairwork


JobKeeper changes to the Fair Work Act

https://coronavirus.fairwork.gov.au/coronavirus-and-australian-workplace-laws/flexibility-in-workplace-laws-during-coronavirus/jobkeeper-changes-to-the-fair-work-act


Coronavirus and Australian workplace laws

https://coronavirus.fairwork.gov.au/


Individuals and Households


Temporarily reducing superannuation minimum drawdown rates and Reducing social security deeming rates (PDF)

Temporarily reducing superannuation minimum drawdown rates: The Government is temporarily reducing superannuation minimum drawdown requirements for account-based pensions and similar products by 50 per cent for 2019-20 and 2020-21. This measure will benefit retirees holding these products by reducing the need to sell investment assets to fund minimum drawdown requirements.

Reducing social security deeming rates: On 12 March, the Government announced a 0.5 percentage point reduction in both the upper and lower social security deeming rates. The Government will now reduce these rates by another 0.25 percentage points.

https://treasury.gov.au/sites/default/files/2020-03/factsheet6providingsupportforretireestomanagemarketvolatility-25march2.pdf


Payments to support households (PDF)

The Government is providing two separate $750 payments to social security, veteran and other income support recipients and eligible concession card holders. The first payment will be made from 31 March 2020 and the second payment will be made from 13 July 2020. Around half of those that benefit are pensioners. This payment will help to support confidence and domestic demand in the economy. The second payment will not be made to those eligible for the Coronavirus supplement.

https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Payments_to_support_households_0.pdf


Income support for individuals (PDF)

Over the next six months, the Government is temporarily expanding eligibility to income support payments and establishing a new, time-limited Coronavirus supplement to be paid at a rate of $550 per fortnight. This will be paid to both existing and new recipients of JobSeeker Payment, Youth Allowance Jobseeker, Parenting Payment, Farm Household Allowance and Special Benefit.

https://treasury.gov.au/sites/default/files/2020-04/Fact_sheet-Income_Support_for_Individuals.pdf


COVID-19: Mutual obligation exemptions extended until 22 May 2020 (JobSeeker)

https://www.employment.gov.au/news/covid-19-mutual-obligation-exemptions-extended-until-22-may-2020


Superannuation


Early access to superannuation

Individuals affected by the coronavirus can access up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21. You will be able to apply for early release of your superannuation from 20 April 2020.

https://business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/early-access-to-superannuation


Not For Profits


Not-for-profit organisations (PDF)

https://treasury.gov.au/sites/default/files/2020-05/Fact_sheet_support_for_nfp_organisations.pdf

State/Territory


Art


New South Wales


Apply for the small business COVID-19 support grant

https://www.service.nsw.gov.au/transaction/apply-small-business-covid-19-support-grant


COVID-19 (coronavirus) and fines and fees

https://www.revenue.nsw.gov.au/news-media-releases/covid-19-tax-relief-measures/covid-19-coronavirus-fines-and-fees


COVID-19 (coronavirus) and parking space levy

https://www.revenue.nsw.gov.au/news-media-releases/covid-19-tax-relief-measures/parking-space-levy


COVID-19 (coronavirus) and gaming machine tax

https://www.revenue.nsw.gov.au/news-media-releases/covid-19-tax-relief-measures/covid-19-coronavirus-and-gaming-machine-tax


COVID-19 (coronavirus) and payroll tax

https://www.revenue.nsw.gov.au/news-media-releases/covid-19-tax-relief-measures/covid-19-coronavirus-and-payroll-tax


COVID-19 (coronavirus) and land tax

https://www.revenue.nsw.gov.au/news-media-releases/covid-19-tax-relief-measures/covid-19-coronavirus-and-land-tax


COVID-19 help for small businesses

https://www.service.nsw.gov.au/campaign/covid-19-help-small-businesses


Victoria


Tax relief for landlords and businesses

https://www.sro.vic.gov.au/coronavirus


Assistance for Victorian small businesses impacted by coronavirus (COVID-19).

https://www.business.vic.gov.au/support-for-your-business/grants-and-assistance/business-support-fund


Coronavirus (COVID-19) business support

https://www.business.vic.gov.au/disputes-disasters-and-succession-planning/illness-and-business-management-plan/coronavirus-business-support


Queensland


Find coronavirus information and assistance for business and industry from the Queensland and Australian Governments

https://www.qld.gov.au/about/industry-recovery/business-and-industry-support


Western Australia


COVID-19 relief: Payroll Tax Employer Guide

https://www.wa.gov.au/government/multi-step-guides/payroll-tax-employer-guide/covid-19-relief-payroll-tax-employer-guide


WA Government small business stimulus/relief package (Blog)

https://www.smallbusiness.wa.gov.au/blog/wa-coronavirus-relief-package


Support for small business dealing with coronavirus

https://www.smallbusiness.wa.gov.au/coronavirus


COVID-19 coronavirus

https://www.wa.gov.au/government/coronavirus-covid-19


South Australia


Support for businesses, jobs and the community impacted by COVID-19

In response to the COVID-19 pandemic and its significant impact on local businesses, industry sectors and jobs, the South Australian Government has announced a second economic stimulus package - the Jobs Rescue Package, worth $650 million - that will provide immediate financial support and relief to those most affected.

https://www.treasury.sa.gov.au/Growing-South-Australia/stimulus-measures-to-support-businesses-and-the-community-impacted-by-covid-19


Northern Territory


Intensive business support program for Northern Territory tourism businesses

https://www.business.gov.au/Grants-and-Programs/Tourism-Fast-Track-Support-Program-NT


Business recovery - support for businesses

https://businessrecovery.nt.gov.au/businesses


Tasmania


COVID-19 Business Support, Grants and Loans

https://www.business.tas.gov.au/covid-19_business_support_packages


COVID-19 Government info for businesses

https://www.business.tas.gov.au/coronavirus_information

SME Support/SME Advocate


Peter Strong

Speed, Scale and Sizable COVID-19 Assistance Available For Small Business

COVID-19 may well change the world; however, right now small business owners are focussed on navigating the immediate issues: cashflow uncertainty, fear, and the welfare of their workforce and customers. Small business has always been practical and pragmatic, robust and resilient. Embedded in their communities, they are first and hardest hit when economies tank, natural disasters strike, or governments change the rules.

by Peter StrongCouncil of Small Business Organisations Australia


Bruce Gleeson

I Can’t Pay My Debts. What should I do?

Individuals and Directors or Owners of a Small to Medium Enterprise (SME) that are struggling with unmanageable debts should get professional help to manage a financial crisis. And No, google alone will not cut it because it is far too important. Any individual or SME ultimately needs cashflow to survive and this process becomes even more problematic to manage in times of a financial crisis.

by Bruce GleesonJones Partners Insolvency And Business Recovery


Leo Colgar

How to Save Your Business and Yourself in a Crisis Situation

You have probably heard from everyone on television that we are going through an unprecedented situation. What does this mean? For your business, for yourself and for your loved ones, what does it mean? Regardless of the nature of the crisis, the first group that feels the impact is usually the small and micro business owners and their employees. This is exactly what has happened in Australia in the last two months.

by Leo ColgarBright Accounting and Taxation Services


Paul Sweeney

Before You Start Your New Business, Think About Your Exit Strategy

Starting a new business puts you in an exciting frame of mind that's all about creating new beginnings. When you're just beginning, thinking about the end is probably the last thing on your mind. What you need to realise is that a good business plan is a long-term plan, with both a start and a finish. By planning your business exit strategy before you begin, your journey will be more rewarding, and your business better equipped to deal with future challenges.

by Paul SweeneyPretium Solutions Pty Ltd


Leonid Karlinskiy

Are You Getting the Most out of Your Office Telephone System Today?

In the last issue of BiziNet, we spoke about how important it is for small and medium businesses to have a telephone system in place. Here we explain how important it is to have a phone system that boosts your business and offers new features which were not available just a few years ago.

by Leonid KarlinskiyAustralian Phone Company


Steven Brown

Business After the Pandemic

In this time of social distancing, it gives us time to think and muse about the "bigger" questions. This isolation has led me to my uni days of studying philosophy: in particular the work of Thomas Kuhn. Kuhn said that scientists work within a framework of paradigms that they do not question. Going with the flow and not questioning why or seeing if there are other and better ways of doing something.

by Steven BrownEtienne Lawyers


Peter May

A Strong Chamber is a Great Support, Especially in Times Like These

There is little doubt that these are challenging times for many businesses and families. As pen goes to this paper there are 771,984 confirmed cases of Coronavirus (COVID-19) worldwide, with at least 4,245 confirmed cases in Australia*, countless businesses either closed or on the brink of closing with no defined timeline for when they might re-open and unemployment is inexorably rising.

by Peter MayCBD Sydney Chamber


Daniel Moisyeyev

Because of the Coronavirus, It’s Now a Digital World out There for Real ...

Even prior to the Coronavirus saga, there was a lot of emphasis on going digital. Companies were investing an enormous amount of their time attempting to build a digital presence through the utilisation of all kinds of social media channels, online tools and other miscellaneous digital marketing opportunities. However, at the same time, most of the said companies actually relied on their physical presence and face-to-face meetings between sales personnel and potential clients to get them to sign the dotted line (an obvious exception to this case are businesses that actually operate online full-time and sell, and to these rare entities who manage to achieve this and be profitable enough to pay your staff wages at the same time, I salute your success).

by Daniel MoisyeyevBiziNet Media