The Tasmanian Government has allocated $20 million in interest-free loans to small businesses in the hospitality, tourism, seafood production, exports sectors, and other businesses that have been severely affected by the Covid-19 pandemic. The loans will be available to businesses with a turnover of less than $10 million for business continuity, equipment purchase, improving online shopping and distribution channels, and other sustainability and viability measures. The loan amount starts from $20,000 up to a maximum of $250,000, and is interest free for the first 3 years.
Up to $250,000
Employers in the Hospitality, Tourism, and Seafood industries will not be required to lodge payroll tax returns for March, April and May 2020. The Annual Adjustment Return (AAR) for 2019-20 is still required to be lodged by 21 July 2020. For that AAR, the State Government’s recently-announced waiver of payroll tax for relevant wages for the months of March, April, May and June will apply. Employers (individual/groups) with Australian Group Wages of up to $5.0 million annually Approved applicants (who demonstrate that their business is affected by Coronavirus) will not be required to lodge payroll tax returns for March, April and May 2020. The Annual Adjustment Return (AAR) for 2019-20 is still required to be lodged by 21 July 2020. For that AAR, the State Government’s recently-announced waiver of payroll tax for relevant wages for the months of March, April and May will apply. One-year rebate for employers who pay payroll tax and employ new youth employees aged 24 years and under. The Commissioner of State Revenue will administer the Rebate Scheme recently announced by the State Government. The Commissioner will issue more details directly to employers, including eligibility criteria and the application process, in due course.
This grant provides subsidies to small businesses in building, construction, tourism, hospitality and manufacturing if they hire a new apprentice or trainee. Subsidies of up to $5,000 are provided for each apprentice or trainee employed on a full-time basis, and $2,500 for each apprentice or trainee employed on a part-time basis. Subsidies are provided in two equal payments 6 months and 12 months after the commencement of the training contract of the new apprentice or trainee. To be eligible, you must: undertake activity in one of the nominated target industries as your main business activity not be liable to pay Payroll Tax to the Commissioner of State Revenue for the individual apprentice or trainee within the financial year that the application is lodged employ the apprentice or trainee in a workplace physically located in Tasmania