COVID-19 Government Initiatives

Amidst concerns surrounding the impact of COVID-19 on businesses, various measures have been taken by the Australian Government to limit economic uncertainty, support investments and protect jobs that may be affected by the rapidly evolving circumstances.

We have summarised the below essential information and advice for business owners in our COVID 19 Government Initiatives Fact Sheet which can be downloaded here. To further explain what these measures mean for your business and how to apply them watch the pre-recorded webinars below from Sebastian Caruso, Partner of SP Solutions who takes our clients through them in more detail.

 

The Australian Government has brought out initiatives to assist employers, we have covered them below:

  • Boosting cash flow for employers – Enhanced
  • Government loan subsidy – SME guarantee scheme
  • Temporary relief for financially distressed businesses – Dealing with creditor demands
  • Temporary relief for financial distressed businesses – Trading whilst insolvent
  • Temporary relief for financially distressed businesses – Bankruptcy proceedings
  • Certain corporations law requirements to be relaxed
  • Other targeted areas – Superannuation and support for retirees
  • Other targeted areas – Support for households
  • Asset write offs
  • ATO debt
  • Apprentices
  • Payroll tax refunds
  • Payroll tax deferral
  • Commercial tenants rent relief
  • 2020 Land tax payments
  • Government supplier invoice payments
  • Liquor license fees
  • Business support fund
  • Working for Victoria fund
  • Jobkeeper payment

 

Webinars