In these unprecedented times, IBS is making every endeavour to stay up to date and assist you regarding Government Stimulus Packages and Employment obligations but not just the what, the how to's.
We have created this page to share information and links in an effort to give you answers in a "one stop page". With news continuing to change and not being unsure what the facts are, the Fact sheets below are dated to make identifying updates easier for you and we advise below the date this information was last verified. Links to the various government bodies are live, we simply suggest you check into this page on a regular basis.
Should you discover something that is not listed on our page and believe it would be helpful, please email us and let us know.
There are numerous support offers (listed below) and we will continue to add these as they come to light.
Federal Support for Business - Link to Treasury Treasury.gov.au/coronavirus/businesses
Delivering Support for Business Investment - Update 21/07/2020
Boosting Cash flow for employers - Update 02/04/2020
Supporting apprentices and trainees - Update 29/07/2020
Temporary relief for financially distress businesses - Update 21/04/2020
Below are ATO Links for Business and Individuals
ATO - Economic Stimulus for SME's
ATO - Economic Stimulus for LARGE Business
VIC State Govt Support for Business - Link business.vic.gov.au/support-for-your-business
Click on this link to apply for the Vic Business Support Fund Apply for Vic Business Support Fund
For those industries remaining open in STAGE 4 please adhere to the rules and those still operating and flexible enough to have their employees working remotely from home the key words remain: COMMUNICATE (Employer) & COLLABORATE (Employee) but I'd add a couple more, such as patience and understanding. Please bear in mind, it is becoming a lonely and isolated existence for some and for others home schooling children whilst continuing to work the most challenging role they've ever played. I ask you all to bear in mind the challenges that each of you face and place yourself in the other person's shoes if only for a few minutes.
Fact Sheet:
Extension of the JobKeeper Payment - Updated 10/08/2020
JobKeeper Payment - Update 07/08/2020
JobKeeper Payment:Changes to the Fair Work Act - Update 07/08/2020
JobKeeper Payment Protecting Integrity - Update 07/08/2020
Click on this link to Enrol yourself or refer to your BAS/TAX Agent: Enrol for Job Keeper Payments
The following link highlights the State Revenue of Victoria's waiving of Payroll Tax, Land Tax and Liquor Licence Fees - noting if your taxable payroll exceeds $3M per year you are NOT eligible for the waiving of payroll tax
SRO VIC - Payroll & Land Tax Stimulus
For those employers based in Victoria with employees in other states, the following links cover all states & territories with the exception of the Northern Territory who are yet to release a stimulus around payroll tax
OSR QLD - Payroll Tax Stimulus
Revenue NSW - Payroll Tax Stimulus
Revenue SA - Payroll Tax Stimulus
SRO TAS - Payroll Tax Stimulus
Revenue ACT - Payroll Tax Stimulus
Link to Fairwork in relation to employer obligations to employees
Support for Individuals & Households
Link to Treasury Treasury.gov.au/coronavirus/households
Fact Sheets:
Income Support for Individuals - Update 29/07/2020
Payments to support households - Updated 29/03/2020
Early access to Super - Updated 27/07/2020
Providing Support for Retirees - Updated 25/03/2020
Link to Services Australia servicesaustralia.gov.au/individuals/subjects/affected-coronavirus
To register for job seeker you must have a personal myGov account which is linked to your Medicare or ATO account.
Link to apply for myGov.au my.gov.au/EnrolService
Link to sign into myGov.au to add Medicare/ATO my.gov.au/LoginServices
Once the above is complete, remain in my.gov and select the option "Intention to access coronavirus support". Having completed this, you will be in the system and receive a follow up call to discuss it further.
Business owners regardless of size or structure, we know that this is a very stressfull time, but you need to take care of yourself and look after your family. Although some people may appear in a better position than others, we are all in the same boat; rocking up and down, in uncharted waters with no idea of how rough the journey will be, or when it will end. There is help available and I urge you to reach out if you are struggling.
General - mhaustralia.org/need-help
Beyond Blue - Looking-after-your-mental-health-during-the-coronavirus-outbreak
Life Line - Lifeline.org.au
Headspace - Headspace.com
