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DEFENCE RESPONSE TO COVID-19

Defence Industry

Information from the Australian Government

Australian Tax Office

Tax support

The Australian Tax Office (ATO) is providing relief for some tax obligations for businesses affected by the outbreak, on a case‐by‐case basis. Contact the ATO’s Emergency Support Infoline for businesses on 1800 806 218 for more information or to request this help.

More information is available from the Australian Tax Office

JobKeeper Payment

You may be eligible to receive the JobKeeper Payment if your turnover has been reduced because of the coronavirus. Following registration by the eligible business, the Government may provide financial support to assist with the retention of staff.

More information is available from the Australian Tax Office

Australian Trade and Investment Commission

Overseas marketing costs

Export Market Development Grants (EMDG) reimburse exporters and tourism businesses for some of the costs of marketing their products and services around the world.

More information is available from the Australian Trade and Investment Commission

Business.gov.au

Increased instant asset write-off

Under normal circumstances, individual assets less than $30,000 are eligible for the instant asset write off. The Government has lifted this threshold in response to the COVID-19 pandemic.

The criteria have changed over time so make sure you check whether your business is eligible.

More information is available from Business.gov.au and the Australian Tax Office

Backing Business Investment – Accelerated depreciation deduction

A time limited 15 month investment incentive (through to 30 June 2021) to support business investment and economic growth over the short term, by accelerating depreciation deductions.

More information is available from Business.gov.au/Risk-management and Business.gov.au/Grants-and-Programs

Relief for commercial tenants

The Government has announced a range of measures to help renters. This includes a temporary hold on evictions and a mandatory code of conduct for commercial tenancies to support small and medium sized enterprises (SMEs) affected by coronavirus.

More information is available from Business.gov.au

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.

More information is available from Business.gov.au

Support for commercial and aeromedical aircraft operators

The Government will provide commercial and aeromedical aircraft operators with relief from aviation fuel tax (excise and equivalent customs duty).

The Government will provide our domestic aviation industry with relief from Airservices Australia charges as well.

More information is available from Business.gov.au

Centre for Defence Industry Capability

Support for the defence industry can also be sourced from the Centre for Defence Industry Capability (CDIC). Information on its COVID-19 assistance is available on:

More information is available from Business.gov.au

Grants for defence industry

The Centre for Defence Industry Capability (CDIC) provides a range of grants to support defence industry businesses. These grants help small to medium Australian businesses grow their capacity to meet Defence capability needs and join global defence industry supply chains.

More information is available from Business.gov.au

Department of Education, Skills and Employment

Apprentices and trainees

Employers can apply for a 50 per cent subsidy on apprentice and trainee wages paid between 1 January 2020 and 30 September 2020. If eligible your business could be reimbursed up to $21,000 per apprentice or trainee.

More information is available from the Department of Education, Skills and Employment

Department of Industry, Science, Energy and Resources (DISER)

Medical supplies and personal protective equipment

DISER is working with industry to increase medical equipment production like surgical face masks, sanitiser, goggles, gowns, testing kits and ventilators.

For detail on requests for information and calls for manufacture issued by the DISER, visit: industry.gov.au

Export Finance Australia

Export Capital Facility

The Australian Government has established a $500 million COVID‐19 Export Capital Facility to assist previously profitable Australian exporters whose businesses have been impacted by COVID-19.

More information is available from Export Finance Australia

Indigenous Business Australia (IBA)

Indigenous Business Relief Package

IBA has a new Indigenous Business Relief Package for all Indigenous businesses who have been impacted by the crisis, including non‐IBA customers. This new relief package has been designed in collaboration with the National Indigenous Australians Agency (NIAA) to respond to the immediate challenges Indigenous businesses are facing.

More information is available from Indigenous Business Australia

National COVID-19 Coordination Commission

Established in late March 2020, the role of the Commission is to coordinate advice to the Australian Government on actions to anticipate and mitigate the economic and social impacts of the global COVID-19 pandemic.

A planning tool has been developed to assist businesses reopen and remain COVIDsafe: business covidsafe plan

SafeWork Australia

Safe Work Australia has developed a central hub of work health and safety guidance and tools that Australian workplaces can use to form the basis of their management of health and safety risks posed by COVID-19.

More information is available from SafeWork Australia

The Treasury

Boosting cash flow for employers

The Government will provide tax-free cash flow boosts to eligible businesses, delivered through credits in the activity statement system, when eligible businesses lodge their activity statements.

More information is available from The Treasury

Coronavirus SME Guarantee scheme

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).

More information is available from The Treasury