Unsure about the Latest COVID-19 Support Packages and How they Apply to Your Business?
As per our email late Monday, the Federal Government’s JobKeeper payment offers welcome relief for many businesses who have been significantly impacted by the COVID-19 pandemic. In addition, the Fair Work Commission has issued a Statement this week outlining its intention to temporarily update over 100 awards to provide Pandemic Leave and flexibility to take Annual Leave at half pay.
The NSW Government has also announced a grant of up to $10,000 to eligible small businesses today, which followed a similar announcement by the Victorian Government earlier this week.
We have been flooded with calls from clients this week who are working through all these latest measures and how they apply to their specific business and employee circumstances.
There are a number of stimulus measures that are yet to be clarified by the Government and they are updating their fact sheets daily with new guidelines for both businesses and individuals. What may have been suggested yesterday may have changed today.
The most important thing that a business owner can do is to obtain guidance on these matters from a trusted source that is up-to-date with the latest information.
We have included some easy links to government reference sources below.
In addition, our partners and specialist HR advisors will be running a free webinar on the JobKeeper payment next week to answer your questions. We will provide you with further information on this shortly.
In the meantime, if you believe you are eligible for this payment, all you need to do now is register your intention to apply for the JobKeeper payment on the ATO website by clicking here.
For all the latest JobKeeper payment specific information, please click here.
SUMMARY OF STIMULUS MEASURES:
The Federal Government’s support for businesses now includes:
– JobKeeper Payment
– Boosting cash flow for employers
– Temporary relief for financially distressed businesses
– Increasing the instant asset write-off
– Backing business investment
– Supporting apprentices and trainees
For the latest details of ALL the Federal Government stimulus measures for businesses, please click here.
For a link to the Australian Government Fair Work Ombudsman Coronavirus page, click here.
NSW Government Support
The NSW State Government is also working hard to roll out additional support measures for businesses in NSW, which now include:
– $10,000 grants for eligible Small Businesses (announced today)
– Flexible Long Service Leave
– Deferral of payroll tax for businesses
– Increase of payroll tax tax-free threshold
– Deferral of gaming tax and lotteries tax
– Deferral of the parking space levy
– Faster supplier and contractor payments from government agencies
– Commercial rent deferral in government owned properties
To keep up to date with ALL the latest NSW Government Treasury Media Releases, please click here.
For trusted advice for other states, please click on the relevant state below:
We also welcome you to contact us any time so we can help you with all your business and employment questions.