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COVID-19 Information

We hope you are all staying safe and well. It is a difficult time for us all and it can be challenging to find good information. Below is a list of key Government websites as well as some information we have compiled.

 

Useful Websites:

Tasmanian Government COVID-19 website

Keeping yourself safe

Social distancing rules

State Government Financial Support

Federal Government Financial Support

report non-compliance

 

Compiled Resources

Income support for Individuals

Federal Government: $550 per fortnight additional payment for recipients of JobSeeker Payment, Youth Allowance Jobseeker, Parenting Payment, Farm Household Allowance and Special Benefit. Read more.

Federal Government: Two separate $750 payments to social security, veteran and other income support recipients and eligible concession card holders. The first payment will be made from 31 March 2020 and the second payment will be made from 13 July 2020. Read more.

Federal Government: Individuals affected by the Coronavirus can have access to up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21. Read more.

Federal Government: Temporarily reducing superannuation minimum drawdown requirements for account-based pensions and similar products by 50 per cent for 2019-20 and 2020-21. Read more.

Federal Government: Social security upper deeming rates are now 2.25 per cent and the lower deeming rate will be 0.25 per cent. Read more.

State Government: $1 million to increase the provision of no interest loans to support low-income families obtain affordable finance for goods and services. Read more.

State Government: $200 payment to foster and kinship carers for each child or young person in their care. Read more.

State Government: $260,000 for a Child and Young Person in Care Fund to ensure children and young people have internet access and mobile technology for communication and home learning. Read more.

State Government: Flexible Support Packages of up to $3,000 will be available to people experiencing family violence to purchase basic items like food, clothing, and some bills (utilities, phone), medical or pharmaceutical costs not covered by Medicare or Pharmaceutical Benefits Scheme, relocation costs, furnishings and whitegoods to support stability and safety at home. Read more.

State Government: The Government will not increase the rent for social housing tenants over the next six months, and will not count Federal Government COVID-19 emergency payments as income for the purposes of calculating rent contributions. Read more.

State Government: Freeze on the Community Fire Levy, which is part of rates collections, from the next financial year, waive or refund school levies for this year, for those who have already paid their schools levies, the Government will arrange for these to be refunded, and cap electricity prices and freeze water bills for next financial year. Read more.

Aurora Energy: established a $5 million fund to assist customers with bill relief, waiving fees or charges, freezing debt, payment plans, in addition to a range of other support measures . Will not be disconnecting any residential or small business customers, without their agreement during this crisis. Read more.

State Government: If a social housing household experiences a decrease in their household income, their rent will be decreased based on the Centrelink rates before the COVID-19 payments were established. Read more.

Hobart City Council: People in financial distress can apply for rates relief (Rates Department 6238 2787 or rates@hobartcity.com.au).

Support for Creative Industries

State Government: Arts Tasmania is administering new funding of $1.5 million and introducing new operational measures of over $2 million to support the individuals and organisations leading Tasmania’s renowned cultural sector. Read more.

Support for Community Sector

State Government: $2 million in grants to support the ongoing viability and operations of sporting associations. Read more.

Support for Business

Federal Government: Up to $100,000 to eligible small and medium-sized businesses, and not for-profits (NFPs) that employ people, with a minimum payment of $20,000. Small and medium-sized business, NFP and charity entities, with aggregated annual turnover under $50 million and that employ workers are eligible. Read more.

Federal Government: An additional payment is also being introduced in the July – October 2020 period. Eligible entities will receive an additional payment equal to the total of all of the Boosting Cash Flow for Employers payments they have received. This means that eligible entities will receive at least $20,000 up to a total of $100,000 under both payments. Read more.

Federal Government: Temporary increase of the threshold at which creditors can issue a statutory demand on a company and the time companies have to respond to statutory demands they receive. The package also includes temporary relief for directors from any personal liability for trading while insolvent, and providing temporary flexibility in the Corporations Act 2001 to provide temporary and targeted relief from provisions of the Act to deal with unforeseen events that arise as a result of the Coronavirus health crisis. Read more.

Federal Government: Increase in the instant asset write-off threshold from $30,000 to $150,000 and expanding access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million) until 30 June 2020. Read more.

Federal Government: Businesses with a turnover of less than $500 million will be able to deduct 50 per cent of the cost of an eligible asset on installation, with existing depreciation rules applying to the balance of the asset’s cost. Read more.

Federal Government: Eligible employers can apply for a wage subsidy of 50 per cent of the apprentice’s or trainee’s wage for 9 months from 1 January 2020 to 30 September 2020. Read more.

Federal Government: The Government will set aside $1 billion to support regions most significantly affected by the Coronavirus outbreak. Read more.

State Government: Loans from $20 000 up to $250 000 are available to assist eligible businesses for the purpose of supporting business continuity, viability and sustainability during the Coronavirus period. Read more.

State Government: To assist small business fight the economic impact of COVID-19 and prepare the foundation to set Tasmania up for a rapid recovery when the situation eases, one-off grants of up to $750 are available through the Business Continuity Grant. Read more.

State Government: To support significantly impacted Tasmanian small businesses, business vehicle registration savings and deferrals are now available. Read More.

State Government: For small businesses in the identified sectors that are experiencing severe financial hardship, grants of $15 000 grants will be made available. Read More.

State Government: Water and electricity bills will be waived for the first quarterly bill received after 1 April this year for small business customers on Tariff 22, 94, 82 or 75, including those small businesses on market contracts that could access those tariffs. Read more.

State Government: Electricity prices will be capped, and water prices will be frozen next financial year. Read more.

State Government: A freeze on all fees and charges subject to the Government Fee Units Act 1997. Read more.

State Government: Waiver of the roads component of motor tax and vehicle registration where that business has been significantly impacted by measures taken to manage COVID-19. Read more.

State Government: Waiver of land tax for 2020- 21 for commercial property owners financially impacted by COVID-19, where the land tax is paid by the business owner. Read more.

State Government: Waiver/refund of payroll tax for the hospitality, tourism and seafood sectors and for Tasmanian businesses with payrolls less than $5 million have been impacted by coronavirus. Read more.

Federal Government: The Government will provide a guarantee of 50 per cent to SME lenders to support new short-term unsecured loans to SMEs. Read more.

Federal Government: The Government is providing a temporary exemption from responsible lending obligations for lenders providing credit to existing small business customers. Read more.

Federal Government: The RBA announced a term funding facility for the banking system. Banks will have access to at least $90 billion in funding at a fixed interest rate of 0.25 per cent. In addition, the RBA announced a further easing in monetary policy by reducing the cash rate to 0.25 per cent. It is also extending and complementing the interest rate cut by taking active steps to target a 0.25 per cent yield on 3-year Australian Government Securities. Read more.

Federal Government: The Government is providing the Australian Office of Financial Management (AOFM) with $15 billion to invest in structured finance markets used by smaller lenders, including non-Authorised Deposit-Taking Institutions (non-ADIs) and smaller Authorised Deposit-Taking Institutions (ADIs). Read more.

Federal Government: The Australian Prudential Regulation Authority (APRA) has announced temporary changes to its expectations regarding bank capital ratios. The changes will support banks’ lending to customers, particularly if they wish to take advantage of the new facility being offered by the RBA. Read more.