Financial Support


Federal Government support for business 



$1500 JobKeeper Payment

  • JobKeeper Payment – Supporting businesses to retain jobs




Steps to enrol for JobKeeper:


Government Fact Sheets:


Cashflow assistance for businesses


‘…employers will receive a payment
equal to 100 per cent of their salary
and wages withheld (up from 50 per cent),
with the maximum payment being increased
from $25,000 to $50,000’
 


Supporting apprentices and trainees


‘…Eligible employers can apply for a wage
subsidy of 50 per cent of the apprentice’s
or trainee’s wage for 9 months from
1 January 2020 to 30 September 2020.
Where a small business is not able to retain
an apprentice, the subsidy will be available to
a new employer that employs that apprentice. Employers will be reimbursed up to a maximum
of $21,000 per eligible apprentice or trainee
($7,000 per quarter).’
 
Please contact your Apprenticeship Network Provider:
 
Mas Experience 1300 627 628
or
MEGT 136 348

Temporary relief for financially distressed businesses


Backing Business investment


‘…deduct 50 per cent of the cost of an eligible
asset on installation, with existing depreciation rules applying to the balance of the asset’s cost.
 

Temporary Early Access to Super
 
  • Fact Sheet

     
  • Applications commence mid-April 2020

Apply directly through ATO through the myGov website www.my.gov.au

Instant Asset Write-Off
 


Severely affected regions and sectors:

  • Airlines and airports
  • ATO relief
 

Access to credit
 

Tasmanian Government support for business



Commercial Tenancy Legislation 
 
 

COVID-19 Small Business Sustainability and Recovery Grant Program
(Grant payments of $5,000)
 
 

Small Business Emergency Support Grant Round 2
(Grant payments of $2,500)
 
All industry sectors
 
  • Now closed for applications

Small Business Hardship Grant
(Grant payments of $15,000)
 
  • Now closed for applications
     

Business Support Loan Scheme
(Loans from $20 000 up to $250 000)
 
  • Now closed for applications
     

Business Continuity Grants
(one off grant of up to $750)
 
  • Now closed for applications

Business vehicle registration relief package 
(freeze on business vehicle registrations)
 

Creative and Cultural Industries stimulation package
  • Arts and Screen Digital Production Fund
  • Tasmanian Contemporary Music Fund
  • Additional Screen Development Fund
  • Additional arts organisations funding
 

Rapid Response Skills Initiative
(Businesses that have current vacancies and opportunities available, will be able to access a job-ready pool)
 

Taxi license fees
(waived for 2020 calendar year)
 
 

Tourism and Hospitality business continuity and cashflow advice 
 

Air Freight


Digital Ready
 

Payroll Tax Waivers and 
Youth Employment Scheme
 

Targeted Small Business Grants Program for Apprenticeships and Traineeships
 
 

Human Resources and Industrial Relations Assistance

TCCI 1300 559 112

Supporting our tourism industry

Government will waive lease, licence and park entry fees – contact the agency you access lease, licence and park entry fees from

Liquor licence fee reductions and waivers
 

Fisheries Fee Waivers
 

Tourism and Hospitality Training Fund
 

 

Other Support

 


Banking measures

Banks will defer loan repayments for small businesses affected by COVID-19 for six months



 



To access banking support measures, please contact your bank


 

Power bill relief
 

More info
 

Taswater support
 

More info


Fact Sheet

 

Local Government support
 

Relief measures
 

Glenorchy City Council’s Small Business eCommerce Grant 

open to all Glenorchy small retail businesses to help cover the costs of setting up an e-commerce platform to sell goods online. 


More info

closing 19 June 2020