The Commonwealth Government is also providing support to Aboriginal businesses, organisations and workers.
Indigenous businesses and organisations, including not-for-profit entities and charities, can access support through the government’s economic stimulus package.
If you are an Indigenous business that employs people you may be eligible for the boosting cash flow for employers measure.
If you are a sole trader and do not employ any staff there are a range of possible support options, including access to credit, income support and tax relief.
If you have a trainee or apprentice 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.
If you are an Aboriginal business experiencing financial distress you may be eligible for support through temporary relief for financially distressed businesses. Some measures under the financial distress package also apply to Indigenous corporations registered under the Corporations (Aboriginal and Torres Strait Islander) (CATSI) Act 2006.
Indigenous Business Australia has a range of support packages including for existing clients.
The Government is allowing individuals affected by the Coronavirus to access up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21. For more information visit the NSW Treasury website.
The Government is introducing JobKeeper Payment to support employees and businesses, including sole traders and not-for-profit organisations. The Government will provide $1,500 per fortnight per eligible employee for up to 6 months. Eligible businesses include those whose turnover has reduced by more than 30 per cent if they have a turnover of less than $1 billion or by more than 50 per cent if they have a turnover of more than $1 billion. For more information visit the NSW Treasury website.
The Australian Government has produced a fact sheet to assist businesses and employees to determine if they are eligible for the payment and to explain the process.