Cashflow Support

This page is continuously updated due to the changing nature of the situation. Last update 4 September 2020. 


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PAYG cashflow injection 

*Lodgements closed 28 July 2020*
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.  Cashflow boosts will generally be equivalent to the amount you withheld from employee wages for each month or quarterly period from March to June 2020.
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 
  3. Made payments to employees subject to withholding (even if the amount you withheld is zero)
  4. Lodged, on or before 12 March 2020, at least one 2018-19 business tax return or activity statement for any tax period that started after 1 July 2020

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

50 per cent of wage costs for apprentices and trainees will be paid for the period between 1 January 2020 and March 2021. The payment is capped at $7,000 per quarter.
The wage subsidy is available to small and medium businesses, as well as employers of any size, including a Group Training Organisation (GTO), that re-engage an apprentice or trainee that has been displaced from a small business.

 

Am I eligible?

Eligible businesses will be those that: 

  1. Employ between 1- 200 people

  2. A business or GTO of any size that re-engages an apprentice or trainee that has been displaced from a small business

  3. Apprentices and trainees will be eligible if they have been training with your business before 1 March 2020

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 

Employers can register for the subsidy now and until 31 December 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'

*Applications now closed as at 31 May 2020*

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

*Already credited*

Full summary here.

Payment

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

 

Am I eligible?

To be eligible, you must be a small business that has an active electricity account and consume less than 100,000 kWh of electricity per year. 

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. 

 Funds are now available, and includes additional support through new and existing stimulus offerings:

  • Fee or levy relief – applied through existing mechanisms
  • Increasing payments through existing grant programs
  • Targeted new programs to support the needs of a sector
  • Free financial counselling

Am I eligible?

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

  • Tourism 
  • Aviation & transport
  • Agriculture & Fisheries 
  • Education 
  • Arts and recreation

 

How to access

You can find information on how to apply for each program on the relevant department’s website here.