In welcome news, the ATO has suspended its plan to ramp up the serious debt collection actions for businesses located in NSW and Victoria as a result of the increased COVID lockdowns.
As the Delta strain of COVID-19 continues to spread throughout Victoria and increase daily case numbers, Victorians have been forced to accept another extended lockdown period. For Victorian businesses that have been impacted by this extended closure, there has been some small, good news in the form of an extension and addition to the existing grants offered by the Victorian State Government.
With Victoria only coming out of the full lockdown recently and NSW looking at an extended period of the lockdown, both State Governments have been negotiating with the Federal Government for further support. Here is a summary of what has been changed recently: –
With lockdown continuing in NSW, the State Government has announced payroll tax relief to help ease cash flow burdens for impacted businesses. A summary of this is as follows: –
Victoria has once again gone into lockdown – an action that has sadly become part of a routine for Victorian businesses and individuals. As always, there has been announcement of relief available to impacted businesses and individuals and here is what is available at this stage: –
With the spread of the delta variant of COVID-19 through NSW and lockdowns being extended, the Federal and State Government have come to the party with a range of measures designed to ease the strain on individuals and businesses. As is always the case with these, at this stage only announcements have been made but nothing concrete about the application process or the detailed eligibility requirements. However, here is a summary of the measures announced at this stage: –