The Commonwealth will enhance and expand the support available to NSW and other states that experience an extended lockdown.
Specifically, the Commonwealth will:
From 18 July 2021 the COVID-19 Disaster Payment will be available to those outside Commonwealth declared hotspots in NSW that meet the criteria for the payment.
The NSW Government will fund any payments outside a Commonwealth declared hotspot, with the Commonwealth continuing to fund payments to recipients in a Commonwealth declared hotspot.
This arrangement will be available to other states and territories for future lockdown as a result of a Commonwealth declared hotspot.
Information about how to apply for COVID-19 Disaster Payment can be found on the Services Australia website at COVID-19 Disaster Payment.
The NSW Government will be offering financial support to businesses impacted by the recent COVID-19 restrictions and stay-at-home orders.
If your business or not-for-profit organisation has been impacted by the restrictions, you may be eligible to apply from 19 July 2021.
More Information: https://www.service.nsw.gov.au/covid-19-business-support-2021
Eligible commercial tenants and landlords will receive greater support and certainty during the current restrictions with the NSW Government acting quickly to implement the Retail and Other Commercial Leases (COVID-19) Regulation 2021 as part of the $5.1 billion COVID-19 economic support package.
Commercial and retail landlords will be required to attempt mediation before taking certain actions, such as recovering a security bond, locking out or eviction against a tenant impacted by the Public Health Orders.
Legislation (PDF) for reference: https://legislation.nsw.gov.au/view/pdf/asmade/sl-2021-379
These new, temporary measures will support both tenants and landlords. They will help reduce community movement and the potential spread of the virus during this phase of the pandemic.
60 day freeze on evictions
Tenants who can’t pay their rent in full because they are impacted by the recent COVID-19 outbreak can't be evicted between now and 11 September 2021.
Financial support for landlords
Up to $1500 per tenancy will be available for landlords who agree to reduce rent for COVID-19 impacted tenants.
The suspension of mutual obligation requirements has been extended for New South Wales job seekers and participants in Bayside, Blue Mountains, Canada Bay, Central Coast, City of Sydney, Greater Sydney, Inner West, Randwick, Shellharbour, Waverley, Wollongong and Woollahra and will be in place until Tuesday 3 August 2021 (inclusive).
More Information: https://jobsearch.gov.au/mor
Bruce Billson began his appointment as Australian Small Business and Family Enterprise Ombudsman in March 2021. As a member of the Australian House of Representatives from 1996 to 2016, Bruce was active in roles connected to business and the economy. These included Shadow Minister for Broadband, Communications and the Digital Economy; Shadow Minister for Sustainable Development and Cities; and Shadow Minister for Small Business, Competition Policy and Consumer Affairs. After the 2013 election he became Minister for Small Business. He retired from politics in 2016 and held board roles with the Franchise Council of Australia and Judo Capital.
by Bruce Gleeson, FCA, FCPA, RITF & Mark Marlow, RITM, FIPA
Bankruptcy is a word, not a sentence. But it is also how the word is interpreted and explained that remains critical so that a fresh start and a focus on the future can begin.
If you're like most Australian business owners, your tax planning starts just before the end of the financial year.
This month, I like to talk about some details from 2021 Federal Budget. We will focus on the immediate effects, rather than deepest technical details.