Business Package


Stage 2 Stimulus Package

The Federal Government has announced stage 2 of its economic plan to cushion the economic impact of coronavirus (COVID-19). We have pulled together the information that provides guidance on some of the stimulus measures announced prior to the passage of legislation. It builds on the first stimulus measures previously announced but introduces many new initiatives to help the economy deal with the direct and indirect impacts of the coronavirus.

To view stage 2 of the economic plan, click here.

COVID-19 Business Package

Stage 2 Stimulus Package

  • Providing Small Business cash payments upto $100,000
  • Guaranteeing Loans For Small Businesses
  • Increasing the insolvency and bankruptcy thresholds
  • Paying 50% of small business Apprentice wages to 30 September

Access up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21

Coronavirus Support Summary for Individuals and Businesses

The Australian Government is providing financial assistance to Australians to support them through the Coronavirus. This assistance includes income support payments, payments to support households and temporary early releases of superannuation. We have summarized these stimulate so that you can check your eligibility
  • Jobkeeper Payment up to $1500 a fortnight (Permanent resident or citizen) from 01 May 2020 payments will be backdated from March 2020
  • Jobseeker Payment upto $1100 a fortnight (Permanent resident or citizen) From 27 April 2020 Income support and a Coronavirus supplement
  • Support for Individuals and Household (Permanent resident or citizens only)
    From 31 March 2020 First round of $750 payments to support households
    From 13 July 2020 Second round of $750 payments to support households
  • Early Release of Super (Permanent resident, citizen, non-resident may be eligible) From mid-April 2020

You may receive one or more than one payment based on your eligibility

  • Jobkeeper Payment Businesses from 1 May 2020 – payment backed from Mar 2020
  • Tax-free cash flow boosts of between $20,000 and $100,000 from 28 April 2020
  • Vary PAYG Tax Instalments from 01 April 2020 or when you lodge next BAS
  • Instant Asset Write-off up to $150000 from 12 Mar 2020
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