Vital support for you and your business
April 6, 2020
HELPLINE AVAILABLE
At www.business.gov.au there is a team of dedicated customer representatives who can help you if your business has been affected by the coronavirus.
☎️ The team are available between 7.00 am – 9.00 pm across Australia, seven days a week. Call 13 28 46, ☎️ send them an email or use webchat on the website.
WE WANT WINNERS
📣 We don’t want to be all doom and gloom. We know some of you have had wins, successes and we want to celebrate these on our socials. If you have won a piece of business, managed to change the way you do business, or have a positive story to tell please let us know. Once a week we will feature a “Shout out” about you on our socials. Featuring your story, told by you. 📣
SURVIVAL TECHNIQUES
🦸 Don’t wait for the government to rescue you 🦸
The whole point of owning a business is having control over your own destiny. Deal with your own affairs as if there was no government help coming.
💰 Come up with new ideas for your pricing and terms 💰
Think about how you can get paid upfront. Now is the time to tighten up your payment terms, not loosen them. Do a sweet deal for payment upfront.
Companies with purchasing budgets will still have to spend that cash by the end of the financial year, coronavirus or not.
Is there something else you can do for a bit?
Today I heard of an exhibition stand constructor that is being smashed by cancellations, so they’re turning their cabinetmakers, carpenters and equipment to do kitchens and wardrobes for a sweet deal. People are happy to put the word out to help in desperate times.
Service those surviving customers like nothing else
Now is the time to throw in the shirt, the matching belt, something to thank them for being a lovely person and spending cash with you instead of wasting it on another half-pallet of toilet paper.🧻
Now is the time you can make them a customer for life. They will remember how you treated them.
As always, we are around for all your coaching needs. Get in touch today. We want to help.
Ellie and Phil
Ellie – 0475 841 664
Phil – 0412 667 864
RENT RELIEF
Prime Minister Scott Morrison announced Saturday 5th April that the national cabinet is working on a mandatory code of practice for commercial tenancies. National cabinet will consider this again on Tuesday 7 April in the morning.
🦠 Under the code, landlords will be compelled to reduce rent for coronavirus – affected businesses with a revenue of less than $50 million.
🦠 To qualify, businesses must be signed up to the government’s JobKeeper scheme and have seen a 30 per cent reduction in revenue over the past 12 months.
The national cabinet was formed specifically to coordinate the response to the coronavirus. The council includes Prime Minister Scott Morrison, his chief ministers and the state and territory premiers.
In the subsequent press conference, the prime minister said the code, which will be legislated at the state level where required, focuses on a “proportionality principle”. If a business’s revenue is down 50 per cent, the landlord must offer a 50 per cent rent reduction, and so on.
“Now, how that is done inside the lease is up to the landlord and the tenant,” the prime minister said.
“There are many different ways you can achieve this.” One way is for a landlord to waive rent for a specified period – the next three or six months, say – but extend the overall length of the tenant’s contract. Another would be to discount the usual monthly rent, as some landlords have already done.
“These are things that we do not wish to be prescriptive about,” Morrison said. “What we want to do is have landlords and tenants in the room to ensure that they can work these issues out between them, so they can have an arrangement which enables them to get through this period and to get to the other side.”
“And we would expect banks to be very supportive of the agreements reached by landlords and tenants who would be working under this mandatory code,” he said, implying that banks may have to reduce or waive mortgage payments for affected landlords.
LAUNCH OF JOB HUB
🎯 The Australian Government has launched a new Jobs Hub, supporting businesses and those Australians looking for work. The Jobs Hub helps Australians looking for work find advertised vacancies. 🎯
An up-to-date list of a selection of businesses and organisations that are currently hiring, and how to contact them, can be found at: www.dese.gov.au/covid-19/jobs-hub
