The ACT Government has announced new measures to assist businesses and individuals experiencing financial hardship due to the Covid-19 lockdown.

Residential – a 12 week moratorium on evictions for rent arrears for tenants who have experienced a loss of income as a result of the lockdown has been announced. Landlords who offer rent relief will be able to apply for a credit on their residential land tax of up to $100 per week to share the cost of passing rent relief onto tenants. More information regarding the application process will be made available online shortly.

Commercial – measures have been reinstated requiring commercial landlords to engage in good faith negotiations with business tenants whose operations have been impacted by Covid-19 health orders. Commercial landlords will be unable to terminate a lease without first discussing revised lease arrangements; landlords that do offer rent relief may be eligible for a commercial rates credit of up to $5,000 – a credit is also available for owner operators. The measures will apply for the full lockdown period from the 12th August.
In addition, the ACT Government will waive rent payments for the month of September for any business and community sector tenants of government-owned properties that have been affected by the COVID-19 lockdown. Tenants who have experienced a 30% decline in turnover in August will be eligible for a full waiver of their September rent payments.

To find out more about eligibility requirements, please visit the ACT Business Hub. 

As always, if you have any questions regarding the above, please do not hesitate to contact us!

The Federal and State Governments have issued a range of relief packages to assist with the economic impacts of Covid-19. It can all be quite overwhelming!

Support is available from both the federal and state governments, with the newest of these including support for ACT Businesses given the extended lockdown. 

*New*

Business support grants for ACT Businesses have increased from up to $10,000 for employing businesses to $20,000 and from $4,000 for non-employing businesses to $7,500 that have experienced a 30% decrease in turnover as a result of the lockdown. Applications are now open.

If you have already applied under the previous grant amounts, you do not need to apply again. The new payments will be automatically applied if you are eligible. 

You can find out more about this program, along with a breakdown of other Federal and State support measures by reading our Snapshot of Covid-19 Assistance which has all the relevant links for your convenience.

As always, if you have any queries please contact us.

The Halletts team

Are you a sole trader, owner of a small business or not-for-profit organisation in NSW?

Then this could be for you! If you’re business has been impacted by COVID-19 (who hasn’t?), then you could be eligible for a rebate of up to $1,500 for costs of eligible NSW and local government fees and charges due and paid from 1 March 2021.

For a full list of eligible fees and charges, click here.

To be eligible for this rebate, your business must:

– Have wages less than the 2020-2021 payroll tax threshold of $1.2 million;
– ABN registered in NSW and/or have a business premises physically locating and operating in NSW.

You can find out more and Apply online here.

If you have any queries, don’t hesitate to give us a call!