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SME Guarantee Scheme - Liquidity measures

24/03/2020

The Federal Government has announced the Coronavirus SME Guarantee Scheme as part of its “Supporting the Flow of Credit” economic response to COVID-19. How does it work? The Coronavirus SME Guarantee Scheme is designed to provide support to otherwise viable SME businesses that have had their cashflows impacted by COVID-19. Under the Scheme, the Government […]

Enduring the storm and preparing for the rebound

23/03/2020

The past week has continued to be very difficult for financial markets. We don’t know how long the pandemic will last and we don’t know how severe the downturn will be but we do know that once we pass through the worst of it, we need to be prepared for the eventual rebound. The past […]

The Federal Government's economic stimulus package

23/03/2020

The Federal Government yesterday announced a series of significant tax concessions aimed at stimulating investment. Updated 3 July 2020 Businesses will be able to claim accelerated depreciation on new assets for the remainder of the year under the latest extension to the $150,000 instant asset write-off program unveiled by the Federal Government on the 9 June. […]

State & Territory economic updates

20/03/2020

Fiscal announcements by State and Territory as a consequence of COVID-19 health crisis. Updated 18 November 2020 Various State and Territory Governments have been announcing economic stimulus packages in response to the economic status resulting from the coronavirus (COVID-19) health crisis. In an environment where a cash splurge alone is unlikely to create the necessary […]

Austrade’s latest COVID-19 updates for exporters

20/03/2020

Austrade is closely monitoring the impact of COVID-19 on Australian exporters. The COVID-19 pandemic is disrupting business around the globe to differing degrees, and the situation is changing daily. Exporters are advised to keep abreast of the situation in various locations by using the links below, relying on trusted partners in local markets, or by […]

Fuel Tax Credits - cash is king

20/03/2020

Fuel Tax Credits represent an $8 billion government program but are you claiming your full entitlement? Now is the time to make sure you are not leaving money on the table and enhance your cashflow. Fuel Tax makes up approximately one-third the cost of fuel, so maximising your Fuel Tax Credit claims is a smart […]

Reaching out to your bank or landlord for support

19/03/2020

In this unprecedented rapidly evolving global pandemic, government, business and the community are being pushed in real time to face the immediate short term impacts. Notwithstanding various stimulus packages being announced and interest rate cuts, we know that many in the SME sector and smaller corporates are likely to be facing cash flow challenges as […]

ATO administration relief

18/03/2020

The Australian Taxation Office (ATO) also announced a series of administrative concessions to assist businesses impacted by COVID-19. Updated 4 May 2020 The Federal Government has announced a range of incentives to assist businesses to withstand and recover from the impact of COVID-19 and boost the economy. In addition to the legislative changes, the Australian […]

How will the pandemic challenge the future of the Australian economy

18/03/2020

David Chu, Head of International Business, discusses the challenge of the pandemic on the future of the Australian economy. David Chu, Head of International Business, recently joined Thomas Sung (host) on the SBS Radio Cantonese Program to discuss the challenge of the pandemic on the future of the Australian economy. Listen to the podcast episode […]

Grant alert: Recycling Victoria Infrastructure Fund - Materials

17/03/2020

With grants of up to $8 million available, Sustainability Victoria is investing $28 million into local businesses to divert common recyclable wastes from landfill. UPDATE 18 March 2020: In light of recent events, the the due date for EOIs has been extended until Friday 8 May 2020 by 3pm. Additionally, Local Government Authorities are also now […]