-2.9 C
Sunday, May 16, 2021

ACT Government extends support for local businesses

The ACT Government is extending a range of economic survival measures to help local businesses continue to trade and keep Canberrans employed during the COVID-19 pandemic, Chief Minister Andrew Barr advised in a statement yesterday, 9 August.

Mr Barr said most ACT businesses have faced difficult and unpredictable times throughout the pandemic. Many have demonstrated incredible resilience in quickly adapting to public health directions and transitioning to new service delivery models.

“Previously announced ACT Government support measures being extended include payroll tax deferrals, targeted fee waivers, and commercial rates and tenancy support,” he said.

Other previously announced measures have already been applied automatically or are still available.

To find out more, visit the business and work hub on the COVID-19 website at: covid19.act.gov.au/business-and-work

Mr Barr said JobKeeper payments will continue to be exempt from payroll tax.

The ACT Government will also extend the interest free payroll tax deferral for businesses in the construction industry to December 2020.

A payroll tax waiver will remain in place for three months to December 2020 for businesses unable to trade, or able to trade on a very restricted basis only, due to ACT Government restrictions.

Commercial rates and tenancies 

Commercial property owners significantly affected by COVID-19 can continue to defer their rates (interest free) for a further six months until 1 April 2021.

Commercial landlords (with an AUV less than $2 million) and owner operated businesses can continue to apply for rates rebates for an additional three months to December 2020 if their tenants or themselves are significantly affected by COVID-19.

Tenants and owner-operators with the greatest need will continue to receive the highest level of support through the tiered category system.

For more news stories:

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive the latest news straight to your inbox.

You have Successfully Subscribed!