Australian and Queensland Governments COVID-19 support and information
The Federal and Queensland Government released the COVID-19 Stimulus Package to help support small businesses counteract the negative impact which COVID-19 is expected to have on the economy and to boost short term cash management for small and medium businesses that employ staff.
Australian Government Small Business Support Page
Visit the Australian Government business website for coronavirus information and support for business.
Here you will find financial assistance, eligibility and timing for the new government support for Australian businesses.
Information and services to help you if you’re affected by coronavirus (COVID-19) or you are looking for more details on how the Australian Government can help visit the Services Australia website.
Queensland Government Small Business Support Page
The Queensland Government has support for those impacted by the international outbreak of novel coronavirus (COVID-19).
Visit the novel coronavirus small business support page for more information.
Government advice for small businesses
Know your responsibilities
For information on your responsibilities as an employer read through this page. Ensure that this information is shared and accessible to your staff.
Small business mentoring sessions
Register your business with Mentoring for Growth (M4G), a free program which helps you to engage with experienced business mentors.
Register your interest in a Mentoring for Growth session.
Small business financial workshops
Small businesses can access a series of workshops to learn about financial management and business planning.
Register for workshops in a location near you.
Support for tourism operators and hospitality providers
Fees and charges relief for tourism operators and hospitality providers can be found here.
Counselling and support for small businesses
- A range of resources and support services are available for impacted businesses who feel they need additional mentoring or assistance. Support services for businesses impacted
- If your employment has been impacted, access information about employee rights, entitlements and support available. Support for impacted employees
- The Queensland Government provides interpreting services through the Translating and Interpreting Service (TIS National) or phone 131 450.
Further detailed information for small businesses
PAYG withholding relief E
The Government is now providing up to $100,000 to eligible small and medium sized businesses, and not-for-profits (including charities) that employ people, with a minimum payment of $20,000.
The Boosting Cash Flow for Employers provides eligible employees with tax-free payments to help cover the costs of employee wages. These payments are equal to 50% of PAYG Withholding withheld from salaries and wages paid between 1 January 2020 to 30 June 2020 up to a maximum of $25,000 (over the 6 months).
Instant assets write-off threshold
The instant asset write-off threshold has been increased to $150,000 until 30 June 2020.
Employees of Apprentices and/or 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. Employers will be reimbursed up to a maximum of $21,000 per apprentice or trainee ($7,000 per quarter).
How to receive this subsidy:
For more information visit the Supporting apprentices and trainees webpage.
Deferral of Payroll Tax
The Queensland Government has also released a relief package to defer lodging and paying payroll tax returns until 31 July 2020.
You may be eligible if:
How to apply:
Please see the following link where, if eligible, you can complete the online payroll tax deferral application form.
Government Benefits (individuals)
You may be eligible to receive a one-off payment of $750.
How to receive this payment:
Please view the following link detailing who is eligible to receive this payment.