$60 Million stimulus package to support Territorians
$30 Million Home Improvement Scheme - $6000 grant for Territory homeowners and landlords who also contribute $2000, and a $4000 grant with a $1000 contribution.
$20 Million Business Improvement Scheme. All eligible businesses will receive a $10,000 grant. If the recipient also wants to put in their own $10,000, they will then get an additional $10,000 from the Government ($30,000 in total).
$5 Million Business Structural Adjustment package to assist businesses who need to physically adjust to the 100 person rule or to establish or upgrade their online presence to adjust to changing behaviours of consumption.
$5 Million Immediate Works Grants Package reintroduces the Immediate Works Grant for incorporated not-for-profit and community organisations – including clubs - to undertake repairs, renovations and upgrades to their premises/facilities
Freezing Government Fees and Charges and Electricity Prices
$420 Million support package to keep Tasmanians in jobs
$50 Million allocated to fast track maintenance on public buildings over the next 12 months.
$20 Million in interest free loans to small businesses in the hospitality, tourism, seafood production, and exports sectors with turnovers less than $5 million.
Payroll tax liabilities will be waived for hospitality, tourism and seafood industry businesses for the last four months of 2019-20. Other businesses with payrolls of up to $5 Million will be able to apply, based on the impact of virus, to have their payroll tax waived for April to June 2020.
Improving small business cash flows by paying bills sooner: unless otherwise required by contractual arrangements, payment terms by Government agencies will be reduced from 30 days to 14 days.
The targeted Small Business Grants Program provides a $5,000 grant for businesses that hire an apprentice or trainee in the tourism, hospitality, building and construction, and manufacturing industries.
Youth employment Scheme to provides a payroll tax rebate for one year, to businesses that employ a young person aged 24 and under, between April and December 2020.
$80,000 will be provided to the Tasmanian Chamber of Commerce and Industry (TCCI) to provide Human Resources and Industrial Relations assistance associated with the coronavirus to businesses.
The Government will provide full payroll tax refunds for 2019-20 financial year to SMEs with payroll of less than $3 Million – giving $550 Million back to businesses who need it.
The Government will pay all outstanding supplier invoices within 5 business days.
Commercial tenants in government buildings can apply for rent relief; 2020 land tax payments will be deferred for eligible small businesses.
$500 Million to establish a Business Support Fund supporting the hardest hit sectors, including hospitality, tourism, accommodation, arts and entertainment, and retail. APPLICATIONS CLOSE MONDAY 01 JUNE 2020 Business Support Fund webpage
At www.business.gov.au we have a team of dedicated customer representatives who can help you if your business has been affected by the coronavirus. The dedicated team are available between 7.00am – 9.00pm across Australia, seven days a week.
Call 13 28 46, send them an email or use webchat on the website.