For Tamborine Mtn Businesses: all about COVID-19

Current info for business about Corona

The TM Chamber of Commerce collects the latest information for businesses on a daily basis. If you find mistakes, or like to add relevant info please send info to the page editor

LATEST NEWS

[29 March 2020]$1.1 billion to support more mental health, Medicare and domestic violence services
The Prime Minister has announced a $1.1 billion package which boosts mental health services, domestic violence support, Medicare assistance for people at home and emergency food relief.

[27 March 2020] Government’s Stimulus Package in response to the Coronavirus

The following is a broad summary of the key aspects of the Federal Government’s stimulus package in response to the Coronavirus, as recently announced and enacted. The summary is based on information currently available on the Treasury website (refer to “Economic response to the Coronavirus”), as well as various Bills introduced into Parliament (and passed by both Houses of Parliament) on 23 March 2020 (which includes the Coronavirus Economic Response Package Omnibus Bill 2020), to give effect to the Government’s stimulus package. (The National Tax and Accountants’ Association Ltd. (NTAA) is a not for profit association dedicated to assisting accountants and businesses).

[27 March 2020] Full NTAA document

[27 March 2020] SRRC business support page – information

  1. Queensland Government Immediate Industry Recovery Package
  2. Business Queensland – Novel Coronavirus small business support
  3. Tourism and Events Queensland
  4. Australian Government Support for Business
  5. Australian Government Economic Response to the Coronavirus
  6. Chamber of Commerce and Industry Queensland (CCIQ)

[26 March 2020] Same info from the federal treasury
1. Income support for individuals
1.1 Introducing a new Coronavirus supplement
1.2 Expanding access (and eligibility) to certain income support payments
1.3 Tax-free payments of $750 to eligible recipients
2. Early access to superannuation benefits
3. Reducing the minimum drawdown amounts for superannuation pensions
4. Reducing the social security deeming rates
5. Cash flow assistance for businesses
5.1 Boosting cash flow for employers
5.2 Wages subsidies for apprentices and trainees
7. Backing business investment – accelerating depreciation deductions for new assets
7.1 Which depreciating assets are eligible assets?

[26 March 2020] Scenic Rim Economic Stimulus Package Covid-19 includes the following subjects:

  • Adapting rates policy
  • Prioritising payment of invoices for local businesses
  • Prioritising procurement with Scenic Rim-based businesses
  • Refunding of fees and charges
  • Providing rent relief
  • Modifying planning and development
  • Supporting Scenic Rim businesses
  • Supporting community and culture
[25 March 2020] Business and industry support by the QLD Government
A suite of initiatives is available to support Queensland business and industry who are impacted by COVID-19 (coronavirus):

  • Supply chain support and assistance
  • Queensland COVID-19 Jobs Support Loans
  • Payroll tax support
  • Support for tourism operators and hospitality providers
  • Support for agriculture and fisheries
  • Industry recovery package
  • Other fisheries support

USEFUL RESOURCES