Vital support for you and your business
March 23, 2020
A Guide to Support
We know many of you are worried about how you will survive this pandemic crisis. We will get through this. It will be tough, but it’s important all of us look after our health now. We will keep providing you with support as long as we can. When this passes. We will be here to get you back on your feet, making your businesses great again.
❤️ If any of our clients can offer free health-supportive counselling and support, let us know and we will update you all on our socials. ❤️
We will work with you throughout this period. Our coaching service is open online and on the phone. We are here to support you. Our workshops will continue and be online-focused.
The summary below outlines all the available support for small businesses we can currently find. As there is more information we will update you.
☎️ You can call us directly on these numbers whenever you need us. ☎️
✨ We will uphold your dream, we are in it for the long haul. We will do all we can as your coaches to support you. ✨
We know that Mental Health will be a massive issue for many of you. Businesses will be lost there is no denying this. Overwhelm will be a big issue. It is OK to ask for help.
DO NOT SUFFER in silence ❤
LET’S HELP OUR SMALL BUSINESS COMMUNITY SURVIVE ❤
CHECK-IN ON PEOPLE ❤
13 11 14 Lifeline
000 for immediate help for you or someone you know who is in danger of hurting themselves.
This National Cabinet is implementing Stage 1 of a shutdown of non-essential activity across the country from midday today which is aimed at slowing the spread of coronavirus.
The businesses that will close due to the Stage 1 shutdown include pubs, clubs, nightclubs, Crown Casino, and licensed venues in hotels and pubs. It also includes gyms, indoor sporting venues, places of worship, cinemas and entertainment venues. Restaurants and cafes will only be allowed to provide home delivery or takeaway services.
This decision and other containment measures are meaningless if we don’t take them seriously.
The Stage 1 shutdown will have a significant impact on the lives and livelihoods of many of us, but if we don’t do this, more will contract coronavirus. Build Grow Run will be operating remotely during this time.
As a sole trader or your income has been reduced because of COVID-19 you can potentially access $750 and $10k from your super, tax-free.
Expanding eligibility to income support payments and establishing a new, time-limited coronavirus supplement. Payments will commence from 27 April 2020.
Expanding eligibility to income support payments and establishing a new, time‑limited Coronavirus supplement to be paid at a rate of $550 per fortnight. This supplement will be paid to both existing and new recipients of the eligible payment categories. These changes will apply for the next six months and will not be income tested.
Instant asset write off
Instant write off threshold for assets between $30,000 to $150,000 for businesses with an aggregated annual turnover of less than $500 million.
Cash flow assistance
Cash flow boost of between $2000 to $25,000 for businesses with a turnover of less than $50 million that employ staff.
Supporting apprentices and trainees
Wage subsidies of up to 50% for apprentices and trainees up to 30 September 2020.
Assistance for severely affected regions
Support for regions that are heavily reliant on industries such as tourism, agriculture and education. This includes the development of recovery plans and administrative relief for certain tax obligations.
Relief from government fees
Waiving a range of fees and charges for small businesses including bars, cafes, restaurants and tradies.
Bringing forward scheduled public works
The NSW Government is looking to bring forward more than $250 million of public works to keep work going for contractors and their employees. More details to follow.
Potential contractors or tenderers should register with:
ICN Gateway https://gateway.icn.org.auTenderLink
Advice from Small Business Commissioner
The NSW Small Business Commissioner has some FAQs relating to employer obligations and leave, business advice and dispute resolution.
Australian Banking Association
Loan repayment deferrals.
The ABA have advised that small business will be able to get a relief from all loan repayments over the next 6 months. If you experience financial difficulty the ABA have the appropriate contact details for all member banks.
Latest advice for events and public gatherings
The Public Health (COVID-19 Mass Gatherings) Order is in place from 5pm Wednesday 18 March until midnight 16 June 2020.
Current government advice includes:
- a ban on any public event or gathering of more than 500 people
- a ban on non-essential gatherings of 100 or more people indoors
- Some additional restrictions are being considered for entertainment venues such as cafes, restaurants and pubs which may see further limitations for patrons of indoor venues depending on their size/floor space.
- A public event means a trade, cultural, social or sporting event that is open to the public (including when entry into the event requires the payment of a fee or other charge).
Limits on organised gatherings (Australian Government)
Resources (printable and digital) for events
Australian Government – NSW Health
Australian Tax Office
Printable posters and support