/ Stimulus Packages | Tamworth Business Chamber

Stimulus Packages

Federal Government-

Federal Government 1st Stimulus Package-

The Morrison Government has announced a $17.6 billion economic plan to keep Australians in jobs, keep businesses in business and support households and the Australian economy as the world deals with the significant challenges posed by the spread of the corona-virus. Click Here

Federal Government 2nd Stimulus Package-

The Government’s 2nd economic response will support business through the period ahead. It is designed to support businesses in managing short-term cash flow challenges, provide support to individuals, severely affected communities and regions, and to ensure the continued flow of credit in the Australian economy. The second set of economic responses which, combined with our previous actions, total $189 billion across the forward estimates, representing 9.7 per cent of annual GDP. CLICK HERE

Federal Government 3rd Stimulus Package-

The Morrison Government will provide a historic wage subsidy to around 6 million workers who will receive a flat payment of $1,500 per fortnight through their employer, before tax.

To see the latest on the Federal Government's "Job Keeper"package- CLICK HERE

The payment will be open to eligible businesses that receive a significant financial hit caused by the coronavirus. CLICK HERE

 

State Government-

NSW Government 1st Stimulus Package-

The NSW Government announced a major $2.3 billion health boost and economic stimulus package to protect the community and help protect jobs in the face of the COVID-19 outbreak over the next six months. Click Here

NSW Government 2nd Stimulus Package-

The NSW Government released the second stage of its economic package aimed at keeping people in jobs, helping businesses and supporting our most vulnerable in the face of the COVID-19 pandemic. CLICK HERE

NSW Government 3rd Stimulus Package-

Thousands of small businesses across NSW struggling to cope with the COVID-19 shutdown will receive grants of up to $10,000 under a new assistance scheme announced by Premier Gladys Berejiklian, Treasurer Dominic Perrottet and Minister for Finance and Small Business Damien Tudehope. CLICK HERE

State Government Overview-

This latest move follows two assistance packages from NSW in the past fortnight, whose combined value far exceeds the support offered by any other state, including:

  • More than $5 billion in payroll tax waivers, deferrals and other tax deferrals;
  • A $1 billion Working for NSW fund to create jobs; 
  • $700 million in additional funding for the health system; 
  • $250 million to bring forward capital works and maintenance on public assets;
  • $500 million to bring forward capital works, maintenance and shovel ready infrastructure projects;
  • $80 million to waive a range of fees and charges;

$80 million to help the vulnerable through a range of measures.

 

Local Government-

While there are a range of NSW and Australian Government measures which local businesses can access to enable them to continue providing important services to our communities, Council is also establishing an assistance package to assist the Tamworth region to stay in business.

Tamworth Regional Council has approved their proposal for COVID-19 Relief package- For more information CLICK HERE and select "Business Paper 6 April 2020.pdf"