The Australian Government’s has created an ‘Economic Response to the Coronavirus’
For more information on Coronavirus and the Government’s response, please visit: www.treasury.gov.au/coronavirus or www.australia.gov.au
Business.gov.au support line: 13 28 46
Small or medium business with reduced cash flow? Here’s what we’re doing to boost your cash flow
Is your business financially distressed? This is what we’re doing to support you.
Assisting the economic recovery Here’s how we’ll support you to grow
Employ an apprentice or trainee? This support is for you
Are you a sole trader that has lost business? This is what we’re doing to support you and your business
Income support for sole traders
Household finances hit by reduced work? Here’s what we’re doing to support your family budget
Payments to support households
Electricity Relief for Households and Businesses
Insurance: Gallagher advice line: QTIC partners at Gallagher are experts in understanding the risk affecting the tourism and hospitality industry. They specialise in supporting business in obtaining suitable insurance cover to protect your business against the unexpected. Gallagher is offering complimentary general advice to tourism and hospitality businesses.
Advice line: 07 3002 3051. (Mon-Fri)
Financial and Business: Westpac: Available for QTIC members, a free-of-charge general financial and business advice email service has been created. You do not need to be a Westpac customer to access this service. You can email any enquiries to firstname.lastname@example.org.
*for current financial workshops, visit ‘Workshops and Support’ section below.
Queensland Government Payroll Tax Reprieve: If you are an employer who pays less than $6.5 million in Australian taxable wages and your current turnover, profit, customers, bookings, retail sales, supply contracts or other factors have been directly or indirectly affected by COVID-19 you may be eligible for payroll tax relief. Complete the ‘online payroll tax deferral application form’.
You can apply at any time the relief package is available. If approved, your deferral will begin from the February return (due 9 March 2020) or from the next return that is due.
Queensland Tourism Division and Small Business Support Packages: A $27.25 million industry recovery package is providing immediate assistance to those most impacted by COVID-19. For more information see COVID-19_Economic_Recovery_Tourism_and_Small_Business_17March2020.
Business and Industry Support: A suite of initiatives will be available to support Queensland business and industry who are impacted by COVID-19. For more information on the support and packages available visit: https://www.qld.gov.au/about/industry-recovery/business-and-industry-support
Cashflow Boosts: Cashflow boosts of up to $25,000 (with a minimum payment of $2,000) for eligible small and medium-sized businesses. The payment will provide cash flow support to businesses with a turnover of less than $50 million that employ staff, between 1 January 2020 and 30 June 2020. The payment will be tax free. Businesses will receive payments of 50% of their Business Activity Statements or Instalment Activity Statement from 28 April with refunds to then be paid within 14 days. For more information, visit https://www.business.qld.gov.au/running-business/finances-cash-flow
Mentoring Sessions: The Mentoring for Growth program currently has more than 50 mentors ready to connect with impacted small businesses. Mentors are available to provide tailored support including financial mentoring and business planning.
Contact 1300 654 687 or email@example.com for more information.
Wage subsidies for Apprentices and Trainees: Eligible employers can apply for a wage subsidy of 50% of the apprentice’s or trainee’s wage for up to 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. For more information, visit https://www.employment.gov.au/supporting-apprentices-and-trainees
Equipment Purchase and Project Grants: The Market Diversification and Resilience Grants program is providing agriculture, food and fishing exporters and their critical supply chain partners grants to build resilience by diversifying into new markets. For more information, visit https://www.business.qld.gov.au/industries/farms-fishing-forestry/agriculture/agribusiness/market-diversification-resilience-grants