Novel coronavirus small business support

1) Payroll tax relief package

 An employer (or part of a group of employers) who pays $6.5 million or less in Australian taxable wages, may receive an email about a:

a) refund of your payroll tax for 2 months

b) payroll tax holiday (i.e. no payroll tax to be paid) for 3 months.

Employers can also apply for a deferral of payroll tax for the 2020 calendar year.

An employer (or part of a group of employers) who pays more than $6.5 million in Australian taxable wages and have been negatively affected (directly or indirectly) by coronavirus, can apply for a:

a)deferral of payroll tax for the 2020 calendar year

b) refund of your payroll tax for 2 months.

Businesses employing Queenslanders will not pay payroll tax on the Federal Government’s JobKeeper payments.


2) Queensland COVID-19 jobs support loans

Employers may be eligible for a loan to retain employees and maintain thier operations.

The $500 million concessional loan facility will include low interest loans of up to $250,000 for carry on finance with an initial 12-month interest free period for businesses to retain staff.



3) Small and medium business power relief

Small and medium businesses may be eligible for a $500 rebate off energy bills.

Businesses who consume less than 100,000 kilowatt hours (kWh) will receive the rebate. This will be automatically applied on your business electricity bills.

4) Business rent relief

Commercial tenants will be protected from evictions under a series of measures to protect businesses and jobs unveiled by the Queensland Government The measures will be underpinned by $400 million in land tax relief for property owners, which must be passed on to tenants.

5) Industry support

The Industry Support Package will assist large businesses through this period to ensure they will be able to scale up and service the community when economic activity improves. Email COVID19ISP@treasury.qld.gov.au for more information. Market diversification and resilience grants are available for Queensland agriculture, food and fishing exporters and their critical supply chain partners, as well as industry organisations working with exporters.

For more information about these packages visit the relevant websites below:


Australian Government  | Australian Tax Office Banks - Small Business Relief Package

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