Government Relief Packages Quick Guide@ June 2020


Your go-to quick guide for employer and employer relief packages by the Federal Government, as provided by the Finance Broker's Association of Australia (FBAA).


JOBKEEPER: Details of the JobKeeper package can be found https://treasury.gov.au/coronavirus/jobkeeper


JOBKEEPER: Information for Employers: https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_Info_for_Employers_0.pdf


JOBKEEPER: Information for Employees: https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_Info_for_Employees_0.pdf


SUPPORTING BUSINESSES TO RETAIN JOBS: https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet_supporting_businesses_1.pdf


HELP FOR BUSINESSES: Full details for the Government’s support package for business (including Sole Traders) can be found below including changes to the instant asset write-off, cash flow assistance, etc. Call the Business Hotline on 13 28 46 or the Queensland State Government's Business Hotline on 1300 654 687. https://business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business


JOBSEEKER: The Government has temporarily expanded eligibility to income support payments and established a new, time-limited Coronavirus supplement to be paid at a rate of $550 per fortnight on top of fortnightly payments. Eligibility criteria can be found at https://www.servicesaustralia.gov.au/individuals/subjects/affected-coronavirus-covid-19


STIMULUS PAYMENT: The $750 stimulus payment will be paid to social security and veteran income support recipients, eligible concession and health card holders, as well as recipients of family assistance and social security income support payments. Details available at https://www.servicesaustralia.gov.au/individuals/services/centrelink/economic-support-payment


COMMERCIAL RENT RELIEF: States and territories will implement a mandatory Code of Conduct to impose a set of good faith leasing principles that will apply to commercial tenancies (including retail, office and industrial) between owners/operators/other landlords and tenants. Details of the code are https://www.pm.gov.au/sites/default/files/files/national-cabinet-mandatory-code-ofconduct-sme-commercial-leasing-principles.pdf. The Qld State Government is yet to release the details of how this will work in Queensland.


RESIDENTIAL TENANCIES: National Cabinet agreed to a moratorium on evictions over the next six months for residential tenancies in financial distress who are unable to meet their commitments due to the impact of Coronavirus. Residential tenancies will be dealt with by each state and territory. Information on Rental Grants for tenants who have lost their job due to the impacts of COVID-19 and who do not have access to other financial assistance is available https://www.qld.gov.au/housing/renting/rent-assistance/bond-loan/covid19-rental-grant


CHILD CARE: Free early childhood education and care for around one million families, no matter what type of service they use. Details of the new scheme are available https://www.dese.gov.au/covid-19


TEMPORARY VISA HOLDERS: Those who are unable to support themselves over the next six months, either through work, savings or access to superannuation are strongly encouraged to return home. Details available https://covid19.homeaffairs.gov.au/



STAY AT HOME AND HELP STOP THE SPREAD: The Prime Minister is encouraging everyone to stay at home. Travel is only permitted for people going to work, attending education, medical appointments, shopping or doing exercise locally. Social distancing rules apply to groups of more than two people who are not members of the same household, including visitors to your home. The Federal Government's website - www.australia.gov.au - should be your first source for information on the Coronavirus.


This information is current at June 2020 and may be subject to change.


4 views
Wheeler Financial Advisers

PO Box 114, Tullamarine VIC 3043

Tel:  03 9335 5565

Email: admin@wheelerfinancial.com.au

ABN 27 208 200 343

Ian Wheeler is an Authorised Representative of Affinia Financial Advisers Limited (Authorised Representative No. 255785). Affinia Financial Advisers is a holder of an Australian Financial Services Licence No. 237857 issued by the Australian Securities and Investments Commission (ASIC).

ASIC Authorised Credit Representative No. 503892

Website Disclaimer.

All of the material published on this web site is for information purposes only and does not constitute advice. This information is of a general nature only and has been provided without taking account of your objectives, financial situation or needs. Because of this, we recommend you consider, with or without the assistance of a Financial Adviser, whether the information is appropriate in light of your particular needs and circumstances.

© 2019 BY WHEELER FINANCIAL ADVISERS