Economic Stimulus Packages & Assistance for Business
On 12th Mar, the Federal Government announced a $17.6 billion stimulus package aimed at supporting business, maintaining employment and supporting households in Australia. Assistance for business in this package include a ‘Boost Cash Flow for Employers’ by up to $25,000 with a minimum payment of $2,000 for eligible small and medium-sized businesses.
In addition to the above Federal Government economic stimulus package, the NSW Government announced a $2.3 billion health and economic stimulus on 17th Mar. Assistance for business in this stimulus includes waiver of payroll tax for businesses with payrolls of up to $10 million for three months (the rest of 2019-20).
We encourage Camden Haven businesses to read more about each economic stimulus packages and the assistance available to businesses (links below). If you require any support navigating this information or accessing the support, please contact us.