NORTHERN TERRITORY GOVERNMENT ASSISTANCE
Jobs Rescue and Recovery
The Northern Territory government is delivering a $65 million Jobs Rescue and Recovery plan to help stimulate the economy and keep Territorians in jobs.
1. Business Improvement Grant - $20 million
All NT businesses will be able to access a $10,000 grant, with an additional $10,000 available if they contribute $10,000 of their own funds. Each business is only eligible to access these arrangements once. The funds can be used to complete one or two different jobs on their premises. Grants may be used to purchase goods and services to make permanent physical improvements to premises (land and/or building) that improve business efficiency and customer experience. Businesses can apply for grants from 13 April 2020. Read more on the Business Improvement Grant.
2. Small Business Survival Fund - $50 million
Announced on 23 March 2020, the fund will deliver grants to help keep businesses alive, even when they have to shut. An advisory board of business leaders will oversee the fund, chaired by Dick Guit.
The NT government will release more detail on the fund in coming days.
3. Hiatus on government fees and charges
All regular increases to government fees and charges, including electricity costs, will be put on hold.
4. Payroll tax exemption
The payroll tax exemption for hiring Territory employees has been extended to 30 June 2021.
For more information on eligibility for employers, go to the Department of Treasury and Finance website.
A fast-tracked infrastructure program is being delivered and further opportunities to bring projects forward are also being explored.