Bushfire Recovery Support Update

On Tuesday the Prime Minister announced $75k grants to primary producers impacted by the fires.  This will indirectly assist regional business communities, but based on the comments made by the Prime Minister during yesterday’s roundtable meeting, we expect more Federal Government support initiatives for impacted SMEs will be announced in coming days.
 
Also on Tuesday, the NSW Business Chamber met with the NSW Government to explore options for securing more help and support for impacted SMEs, including the idea of deferral / forgiveness of payroll tax to encourage retention of staff and to assist with cash flow management. Again, we expect more announcements in the coming weeks in this regard.
 
Please see attached two important documents that you wish to share with anyone in business you feel may benefit from them. 

  1. The first (Support for Small Business)  is a useful guide to the support that is currently available to impacted SMEs
  2. The second (Bushfire Response)* is the current plan being worked on by the National Bushfire Recovery Agency (NBRA) to co-ordinate the Federal Government’s response and assistance.

A recent survey has shown that only 2% of small businesses in fire-affected areas have applied for available assistance packages, and we urge all those affected to make the most of the supports available.

*Please note in the second document that the ATO has advised that it is deferring the requirement to file the December quarter BAS for up to 2 months for impacted businesses.