Cash flow support for small and medium businesses

Economic Development Team - Mid Western Council

24.4.20. Source: https://treasury.gov.au/coronavirus/businesses

The Government is providing temporary cash flow support of up to $100,000 for eligible small and medium-sized businesses, and not-for-profits (NFPs) that employ staff to help with their cash flow so they can keep operating, pay their rent, electricity and other bills and retain staff. This will be done through two sets of cash flow boosts, with the first delivered from 28 April 2020, through credits in the activity statement system. Eligible businesses do not need to apply with a separate form.

Eligible businesses and NFPs, must have held an Australian Business Number on 12 March 2020 and lodge their activity statement to receive the credit. Charities registered with the Australian Charities and Not for profits Commission are eligible, regardless of when they were registered, if they meet the other eligibility requirements.

See the Fact Sheet here:

https://treasury.gov.au/sites/default/files/2020-04/fact_sheet-boosting_cash_flow_for_employers.pdf

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments