Dear Member,
Updated Self-Assessment of Risk of Coronavirus advice and Business Assistance Information
This week the DHHS released an updated Self-Assessment of Risk of Coronavirus poster, which can be downloaded from this link. It may be useful for staff and driver information. The poster is designed in large A3 format, but you can print a readable copy in standard A4 format by selecting ‘fit to page’ in your printer settings.
Deferred loan repayments for small business
Australian banks are deferring loan repayments for small businesses affected by COVID-19 for six months.
The banks have worked with the Treasurer and the Government to develop this small business relief package that will apply to more than $100bn of existing small business loans.
This should provide some welcome respite for us all.
If you wish to access this relief package, the Australian Banking Association is recommending that you contact your bank to apply. Here is a list of the contact details for every bank's financial hardship team, they will be able to help you to apply. Otherwise, your financial advisor should be able to assist.
Australian Government Business Assistance pages
The Australian Government’s Cash Flow Assistance for Business web page with the latest information is here, https://treasury.gov.au/coronavirus/businesses
The Australian Government’s Delivering Support for Business Investment web page with the latest information is here, https://treasury.gov.au/coronavirus/business-investment
(Member should note that the documents on these pages as of this afternoon are the same ones linked in our Member email on Wednesday; but we anticipate that further information
will be added to these same pages as it becomes available.)
All taxpayers affected by the Coronavirus outbreak can contact the ATO for assistance. Taxpayers can contact the ATO on 1800 806 218 or visit the ATO website at ato.gov.au for further information.
Regards,
Stuart Dawson
Manager, Member Services