Industry Recovery Package For Businesses Affected By The Coronavirus

Tuesday 18 February, 2020 | By: Faith Jarvis

 

CCIQ continues to work closely with governments on the impact the crisis and how-to best support SMEs for the long-term benefit of Queensland’s economy. 

To date the State Government has implemented a range of support packages and we will continue to advocate for more provisions as this crisi unfolds. 

 

Payroll tax deferral 

The State Government has extended its deferral of payroll tax for 6-months to all Queensland businesses. 

Information on payroll tax deferral can be found at www.osr.qld.gov.au

Concessional loans

Deputy Premier and Treasurer Jackie Trad announced a $500 million concessional loan facility for loansup to $250,000 with an initial 12-month interest-free period for businesses to retain staff.

Information on the concessional loans will be available at www.qrida.qld.gov.au from thhe end of this week.

 

The Industry Recovery Package 

The package includes a range of initiatives which are listed below. For further detailed information head to www.qld.gov.au/industryrecovery or contact 13 QGOV (13 74 68).

 Support for small business and exporters

  • resilience workshops in partnership with local peak bodies to build the financial resilience of small businesses
  • business mentors to provide targeted advice to impacted small business 
  • Small business hotline (1300 654 687) to direct small businesses to support options and provide updates and advice.
  • A $1.1 million Market Ready initiative to:
    • provide tailored export advice to SMEs on leveraging opportunities in the Chinese online market
    • support brand development through provision of market intelligence and expert advice for exporters looking to enter new markets
    • host China market development forums to provide practical expert advice

Industry specific support

 

  • $500,000 fisheries market diversification grants will provide for additional infrastructure on boats or onshore facilities to help businesses pursue new market opportunities
  • The Government will extend the catch area for tropical rock lobster for three months to reduce operating costs for quota holders and enable market expansion
  • The Government will temporarily waive fishing boat license fees and quota fees for tropical rock lobster and coral trout
  • Fees and charges relief fortourism operators and hospitality businesses including:
    • waiving application fees for some variations to liquor licences
    • waiving registration fees for Inbound Tour Operators
    • waiving of Daily Fees for Commercial Activity Agreements & Permits
    • rebate on Marina Charges and Passenger Levies
    • deferral of Tourism Lease Rent Payment.

Marketing and promotion

  • $7 million to align with Tourism Australia to promote Queensland to international markets
  • $4.8 million targeted tourism campaign to promote travel to Tropical North Queensland and the Gold Coast, to support recovery from the sharp decline in international tourism
  • $2 million Study Queensland campaign to diversify the international student market and support re-entry from Chinese students
  • The $500,000 #EatQLD campaign will encourage Queenslanders to buy local seafood and other agricultural products.

Student support and counselling

  • An additional $1 million is available to increase student support services across Queensland to help impacted students returning to study. This support includes providing information, advice and referrals on health care, employment, budget management, accommodation and legal service, as well as connecting students to social events and activities.

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