Government Covid-19 Measures
The Australian Government has announced measures to support businesses impacted by Covid-19.
Austmine is collating information here to ensure our members are aware of the initiatives, information and resources available to them.
Below we have State Government Business & Industry Advice; Funding, Relief and Other Financial Information; and an overview from METS Ignited.
State Government Business & Industry Advice
For the latest information for your state, please click the below links.
Business & Industry Advice
Business and Industry Support
New South Wales
Business Support and Resources
NSW Government is urgently seeking supplies and manufacturing of medical equipment, specifically looking to produce hand sanitiser, examination gloves, disinfectant and cleaning products, handwash and soap, masks, eyewear, gowns and paper products including toilet and tissue paper. You can register your interest in becoming part of the supply chain here.
Business Information and Support
Support for Business
Supporting Our Community
Funding, Relief and Other Financial Information
Boosting Cash Flow for Employers
Provides up to $100,000 back to small and medium-sized businesses, with a minimum payment of $20,000 for eligible businesses. The payments will provide cash flow support to businesses with a turnover of less than $50 million and not-for-profit entities that employ staff. The payment will be tax free.
Temporary Relief for Financially Distressed Businesses
There is a temporary increase to 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. This 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.
Supporting the Flow of Credit
The Government, Reserve Bank of Australia and the Australian Prudential Regulation Authority have taken coordinated action to support the flow of credit in the Australian economy, in particular for small and medium enterprises (SMEs).
Visit business.gov.au for complete information on support assistance available for sole traders, employers and companies.
Wednesday 29th April 2020:
This was originally published by Federation University Australia.
The Federation TAFE Skills and Jobs Centre is a Victorian State Government program that assists industry and business with employment assistance (recruitment & retrenchment assistance), training options available as well as linking employers/industry with government programs that can assist moving forward.
The Victorian government has introduced the ‘Working for Victoria’ program which works with jobseekers who have been disengaged with their roles due to the current COVID-19 situation gain employment with employers who have roles available for short or long term. This program also assists jobseekers in undertaking short courses that will assist them gain skills in cleaning and sanitisation, food processing, customer service with many more on offer to ensure that they attain the skills that will compliment their previous employment in gaining new roles outside of their usual employment field.
The Skills and Jobs Centres are located within each TAFE in Victoria (16 in total) and can assist in all areas that you may need with regards to recruitment, skills needs assessment, training options (e.g. traineeship/apprenticeship eligibility, formal training development for staff etc.) as well as working with employees in the event that their roles have been made redundant to ensure that they have the best available support in looking for their next role. The services that the Skills and Jobs Centres offers are free of charge and are flexible to work within the parameters that you organisation requires. For further information please go to: https://www.education.vic.gov.au/about/programs/pathways/skillsandjobscentres/Pages/default.aspx?Redirect=1#link29.
If your business needs any assistance in the current period, or assistance in post COVID-19, please feel free to contact Brad Smith, Training & Employment Advisor | Skills and Jobs Centre, at email@example.com.
Monday 30th March 2020:
This was originally published by METS Ignited.
Government Stimulus Measures:
Recently, the Federal Government announced an economic plan and series of stimulus packages focused on keeping Australians in jobs and helping small and medium sized businesses to stay in business. A total of $189 billion is being injected into the economy, including $17.6 billion for the Government’s first economic stimulus package, $90 billion from the RBA and $15 billion from the Government to deliver easier access to finance, and $66.1 billion in today’s economic support package.
Financial business support for SMEs:
Coronavirus SME Guarantee Scheme – Supporting the flow of credit
Coronavirus SME Guarantee Scheme
Boosting Cashflow for Employers
Boosting cash flow for employers
Temporary financial Relief for SME;s
Temporary relief for financially distressed businesses
Delivering Support for Business Investment
Increasing the instant asset write-off
Backing SME Investment to Support growth and recovery
Backing business investment
Supporting Apprentice and Trainee Retention
Supporting apprentices and trainees
The Australian Government has announced social distancing measures to protect the Australian community from the spread of the coronavirus. Restrictions have been placed on a number of non-essential services.
More information on these measures can be found on the business.gov.au website here: https://business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/restrictions-on-non-essential-services.
Any business that is listed here – unless it has an exemption – is a prohibited because it is considered to create a risk of transmission and for the time being is considered as a non-essential service.
A detailed media statement from the Prime Minister's office is found here: https://www.pm.gov.au/media/update-coronavirus-measures-24-March-2020
On top of the Government’s economic package we have also seen the banks step up to support small business with SMEs to benefit from deferred loan repayments for six months.
As well as financial support, services support has been ramped up across the country, including a helpline for businesses providing specialist advice to navigate the range of support available to help companies forge ahead.
Federal, state and energy ministers have taken action to deliver a coordinated national approach to safeguard energy supplies impacting Australian households and SMEs.
We have seen large technology companies come together to help SMEs to work remotely, launching a website with free practical tools to support a new way of doing things.
Free resources are now available including downloadable posters and fact sheets to provide your team with up to date health advice and practices to keep everyone safe.
Additional support for SMEs and the broader population:
Industry stepping in to supply sanitiser
DFAT assisting with PPE needs
How can METS companies get involved?
On behalf of all of the Industry Growth Centres, The Advanced Manufacturing Growth Centre (AMGC) has launched a portal for Australian manufacturing, component suppliers and skilled design, engineering and manufacturing experts to register their interest and core competencies in support of the national response to COVID-19.
The COVID-19 Manufacturer Response Register portal is live now with all contact treated in strict confidence.
There are a number of tenders for equipment and expressions of interest that are being published through the department of industry websites and the AusTender website.
Tenders are being released by different departments as needs arise. They will be published through the AusTender portal. https://www.tenders.gov.au/Atm/Show/70c82ab8-bd76-4123-aa62-2c6202d42f16.