In addition to general waivers, reductions or rebates on some Government licensing and fees, each State and Territory has some form of support accessible to certain businesses impacted by COVID-19.
Australian Capital Territory
Support | Description | Closes |
Rate deferrals | Rate deferrals for commercial property owners affected by COVID-19. | 1 April 2021 |
Payroll tax deferral | All ACT businesses with Australia-wide wages of up to $10 million can apply to defer their 2020-21 payroll tax, until 1 July 2022. |
New South Wales
Support | Description | Closes |
Payroll tax deferral | Option of deferring 2019-20 payroll tax to October 2020. Instalment plans can be entered into after October 2020.
Payroll tax threshold has increased to $1m for 2020-21. |
|
Small business recovery grant | Grants of between $500 and $3,000 to help small business reopen safely. | 16 Aug. 2020 |
Export assistance grants | Up to $10,000 for up to 1,000 eligible small or medium NSW export businesses that have experienced disruptions to freight channels or reductions in orders. Opening soon. |
Northern Territory
Support | Description | Closes |
Business hardship package | A package of concessions including payroll tax waiver or deferral, council rates, utilities and rate concessions. | 30 Sept. 2020 |
Queensland
Support | Description | Closes |
Adaption grant | Funding of up to $10,000 for regional micro and small businesses to adapt and sustain operations. | When allocation exhausted |
Payroll tax relief | Payroll tax deferrals for the 2020 calendar year. | 31 Dec. 2020 |
South Australia
Support | Description | Closes |
Support when employing apprentices | A range of grants and support when you hire an apprentice – up to $5,000 for hiring an apprentice, $1,500 on equipment reimbursement, and up to $5,200 off the Group Training Organisation charge out rate. | Generally 31 Aug. 2020 |
Tasmania
Support | Description | Closes |
Small business sustainability | Grants of up to $5,000 for businesses with fewer than 20 employees to reopen and rebuild. | 24 Aug. 2020 |
Victoria
Support | Description | Closes |
Business Support Fund | One-off grant of $10,000 for employers in metropolitan Melbourne and Mitchell Shire and $5,000 in regional local government areas. | 14 Sept. 2020 |
Regional Tourism Accommodation Support | Up to $225 per night up to a maximum of $1,125 per bookable accommodation for cancelled bookings during stage 3 restrictions. | 19 Aug. 2020 |
CBD Business Support Fund | $20m fund for CBD businesses. No details available as yet but register your interest. | |
Night-time economy support | $30m fund for hospitality businesses. No details available as yet but register your interest. | |
Payroll tax deferrals | Businesses with payrolls up to $10 million can defer their liabilities for the first half of the 2020-21 financial year. | |
Payroll tax refunds | Eligible businesses can claim an emergency tax relief refund of payroll tax already paid in the 2019-20 financial year. |
Western Australia
Support | Description | Closes |
International competitiveness co-investment | Matched funding of between $50,000 and $100,000 for existing exporters (under 200 employees) of food, beverages and services into Asia. | 12 Aug. 2020 |
Payroll tax relief | The tax-free threshold increased to $1m on 1 July 2020.
Automatic grants of $17,500 are being paid to employers with annual Australian taxable wages of more than $1m and up to $4m in 2018-19. |
|
Support when employing apprentices | A one-off payment of $6,000 for an apprentice and $3,000 for a trainee employed from 1 July 2020. | 30 June 2021 |
Incentive to employee apprentices | Incentive of up to $8,500 for employing an apprentice or trainee from 1 July 2019. | |
Local Capability Fund | Fund to increase capability of SMEs for planning, improvements to internal infrastructure, plant and equipment and training. Current rounds include cost recovery for: PPE manufacturing (up to $500k) and feasibility (up to $20k), and general recovery and growth (up to $100k) for supply to certain industries. |
Sign up to our newsletter
Sign up to our monthly newsletter to receive due dates, news, tax tips and other important things that we think are useful and interesting throughout the year.
This article was written by a third party.