BACKING BUSINESS IN THE CENTRAL WEST
April 2, 2020
In these challenging times RDA Central West will continue to provide information and support to local business, and the people they employ. We’ll back business in the Central West, walking with you as we navigate the current challenges, and working with you to ensure positive growth on the other side.
JobKeeper Payments for Employers
The Federal government is introducing a subsidy program to support employees and business. The JobKeeper Payment is designed to help businesses significantly impacted by the coronavirus outbreak cover the costs of their employees’ wages, so that more employees can retain their job and continue to earn an income.
JobKeeper Payment for Sole Traders
Sole Traders may be eligible to receive the JobKeeper Payment if their turnover has reduced. Following registration by the eligible business, the Government will provide $1,500 per fortnight per eligible employee for a maximum of 6 months. This will support sole traders to maintain their income and connection with employees.
COVID – 19 Relief and Recovery fund:
Airfreight Support for Essential Agriculture, Fisheries and Forestry Industries
The Australian Government is backing Australia’s agriculture and seafood export sectors through a new $110 million initiative to help exporters get their high-quality produce into key overseas markets, with return flights bringing back vital medical supplies, medicines and equipment critical to the ongoing health response.
The target is high-value agricultural and fisheries exports, predominantly for perishable products where Australian exporters have important established customers in markets. The sorts of products that may be eligible include seafood (including lobsters), premium red meat (including beef and pork), dairy (such as fresh milk and yoghurt) and horticulture (such as premium fruits and packaged salad or vegetables). Food products will be exported subject to adequate domestic supply.
The Department of Agriculture, Water and the Environment is setting up an information line and a process to capture from exporters information on the products outlined above.
For further information and to register your interest click the button below or telephone: (02) 6272 2444
Tax relief measures for eligible New South Wales businesses impacted by COVID-19
As part of the NSW government’s COVID-19 economic stimulus package the following tax relief measures are available to eligible businesses:
Payroll tax relief for businesses with grouped Australian wages of no more than $10 million
- 25% reduction in annual tax liability when annual reconciliations are lodged (due 28 July).
- For businesses who lodge and pay monthly there is no payment required for the months of March, April and May 2020.
Threshold increase – 2020/2021 financial year
- The tax-free threshold will increase from $900,000 to $1 million for the financial year commencing on 1 July 2020.
For your information: ACCC- Advice for business & consumers re events/ travel cancellations
The ACCC has issued advice for consumers and businesses on their rights and obligations if events, flights or travel services are cancelled due to the coronavirus pandemic (COVID-19), or if people wish to cancel their travel plans.
Community-University Partnership Grant
Grants of up to $1000 are currently available through the CSU Community – University Partnership program.
If you’re a community group, school, sporting club, Indigenous group or cultural organisation, you can apply for a grant of up to $1000 to help boost and support your project.
Community University Partnership grants are available in all Charles Sturt University campus cities: Albury-Wodonga, Bathurst, Dubbo, Orange, Port Macquarie and Wagga Wagga.
You can choose from six categories: Art and Culture; Education; Indigenous Engagement; Health and Wellbeing; Environmental Sustainability; Sport.
There are two rounds planned for the 2020 calendar year:
Round 1 Opened – 9 March 2020 Closes – 6 April 2020
Round 2 Opens – 13 July 2020 Closes – 10 August 2020
Boosting Female Founders Initiative – Round 1
The Boosting Female Founders Initiative (the program) will run over three years from 2020-21 to 2022-23. The program is part of the Women’s Economic Security Package, which helps to support more Australian women into work and supports Australia’s international obligations under the Convention on the Elimination of all forms of Discrimination against Women (CEDAW). The program will provide targeted support on a co-contribution basis to female founders of startup businesses (startups) to launch and scale their businesses into domestic and global markets.
Tackling Tough Times Together – Foundation for Rural and Regional Renewal
Grants to assist communities access the resources they need to support one another through the ongoing effects of the drought are currently available through the Tackling Tough Times together Program. Not-for-Profit community-based organisations are invited to apply for grants of up to $60,000. Rolling grants program, Current funding round closes May 28 and will be assessed late August 2020.
News Corp Bushfire Fund Grants
News Corp has partnered with FRRR to enable the delivery of the News Corp Bushfire Fund grants. This support is for local not-for-profit organisations and community groups that are delivering locally led projects and activities to assist people in their recovery as a result of the 2019/2020 bushfires.
RDA Central West now has access to economic and community data through REMPLAN. This data can provide an interesting snapshot of both the economic and social composition of our regions, as well as estimate how changes to employment numbers or output across an individual sector/s will impact the economic output across the region.
If you would like further information on REMPLAN, or are seeking specific data to support your grant application, please contact us at firstname.lastname@example.org
Let’s Back Business in the Central West,
and support our local businesses and jobs.
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