Business Support and Jobs
The coronavirus (COVID-19) is having a devastating impact on businesses across Australia. Find out what support is available for sole traders, employers and companies, the restrictions on non-essential services and how to continue your business. Further information here.
Under the JobKeeper Payment, businesses impacted by the coronavirus will be able to access a subsidy from the Government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum period of 6 months. Further info here.
The Australian and NSW Governments have announced a series of stimulus activities to support the industry during this situation incorporating a $2.3 billion health boost and economic stimulus package to protect the community and help protect jobs in the face of the COVID-19 outbreak over the next six months.
NSW Government Small Business Support Fund and Economic Stimulus Package 2
The NSW Government has announced grants of up to $10,000 under its Small Business Support Fund assistance scheme.
Applications for a small business grant will be available through Service NSW and will remain open until 1 June 2020. Find our more here.
The Package also includes:-
- deferral of gaming machine tax for clubs, pubs and hotels for six months, which includes payments due for the most recent quarter and payments due for the coming quarter.
- an additional three month deferral on payroll tax for businesses with payrolls of $10 million or less taking the total deferral period to six months.