Cashflow Support

This page is continuously updated due to the changing nature of the situation. Last update 2 April 2020. 

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PAYG cashflow injection 

Full summary here.

Payment

Payments totalling between $20,000 – $100,000 will be made to your business between March and September if you employ staff. 

These payments will be credited to your business by the ATO to assist with staff and other outgoing expenses. 


Am I eligible?

Businesses eligible for support include those that: 

  1. Were established before 12 March 2020 (exception for NFP organisations) 
  2. Have annual revenues of less than $50 million 


How to access

This payment is calculated and credited automatically by the ATO. All that your business is required to do is lodge your BAS statement (credit received within 14 days of lodgement).  

It is advisable that businesses opt for monthly lodgements to access the payments in a timelier manner. 

 

Apprentice Wage Subsidy

Full summary here 

Payment

Up to $7,000 will be paid in arrears per quarter for each apprentice and trainee that has been training with your business before the 1 March 2020.
The wage subsidy is also available to employers of any size, including a Group Training Organisation (GTO), if they re-engage an apprentice or trainee that has been displaced from a small business.

50% of wage costs for apprentices and trainees will be paid (up to $7k per quarter) for the period between 1 January 2020 and 30 September 2020.

Am I eligible?

Eligible businesses will be those that: 

  1. Employ between 1-19 people 
  2. Apprentices and trainees will be eligible if they have been training with your business before 1 March 2020
  3. A business or GTO of any size that re-engages an apprentice or trainee that has been displaced from a small business 

How to access

You are required to contact your apprentice support assistant. You can find your relevant contact by: 

  1. Visiting the AASN website here 
  2. Enter your business postcode on the home screen 
  3. Calling your relevant representative 

You will be able to register for the subsidy from early April 2020. 

Important note:
Businesses will NOT be eligible for the Apprentice Wage Subsidy if they are already receiving the JobKeeper Payment.
Businesses are advised to review both packages in detail to determine which is most suitable for their business.

 

Payroll Tax 'Holiday'

Full summary here.

Payment

The revised payroll tax assistance is broken into three sections: 

  1. 2-month of paid payroll tax will be refunded 
  2. There will be a 3-month payroll tax exemption (no tax payable) 
  3. Payroll tax paid thereafter up to 31 December 2020 can be deferred until the following calendar year 

This means that no business in Queensland will be required to make a payroll tax payment during the 2020 calendar year.  

 

Am I eligible?

  • Businesses paying less than $6.5 million in taxable wages are eligible for (1), (2) and (3). 
  • Businesses paying greater than $6.5 million in taxable wages are eligible for (1) and (3) 

 

How to access

Businesses will be emailed with steps on how to apply for the payroll tax refund/ exemption and deferral. 

  • Apply for refund/ exemption here  
  • Apply for deferral here 

You will be able to register for the subsidy from early April 2020. 

 

Power Bill Relief

Full summary here.

Payment

Queensland businesses will be provided with a $500 rebate off energy bills. 

 

Am I eligible?

Businesses will be eligible for this rebate if they consume less than 100,000 kWh. 

For further advice on how your business can reduce it utility usage, register with CCIQ’s ecoBiz here. 

 

How to access

The $500 cost reduction will be automatically applied on your business electricity bills. 

 

Waiver of Fees and Charges for Tourism and Hospitality Providers

Payment

There has been numerous fees and charges relief implemented to assist the tourism and hospitality industries.  

  1. waiving liquor licence variation fees link 
  2. waiving registration fees for inbound tour operators link 
  3. waiving daily fees for commercial activity agreements and permits link 
  4. rebate on marina charges and passenger levies 
  5. deferral of tourism lease rent payments link 

 

Am I eligible?

Your business will be eligible if they are subject to pay any of the identified fees and charges. 

 

How to access

See the relevant links to access fee waivers and rebates.  

 

Special assistance for affected regions, communities and industries 

Full summary here.

Payment

There has been an initial $1 billion set aside to assist those that have been impacted by the Covid-19 event. 

These funds will be made available in the coming months, with an exact division of the funding not yet available. 

 

Am I eligible?

Currently, the industries that have been identified as being at risk include: 

  • Tourism 
  • Agriculture 
  • Education 

There is yet to be a consolidated list of impacted regions handed down. 

 

How to access

It is advisable to contact the industry recovery hotline to flag your businesses as being amongst those impacted by the Coronavirus.