ACT stimulus package will help small business through COVID-19 crisis
Chief Minister Andrew Barr said it was just the initial response by the territory government to a โonce-in-a-century crisisโ, with more planned.
โThere will be more to come, there will need to be more to come,โ he told the ABC. โThere will be a second, most likely a third and possibly even a fourth over the coming 12months.โ
The stimulus includes deferring payroll tax for 12 months on businesses with a turnover under $10 million. Some industry sectors will have a one-off six-month waiver on payroll tax. Food and liquor licence fees for the hard-hit hospitality industry are also waived and clubs will get financial support to retain casual staff.
The government plans to shift public sector staff involved in events into maintenance roles and $20 million will go towards basic public building infrastructure maintenance.
$7 million in support will go to non-government organisations on the frontline of social services, along with more support for Lifeline.
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