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Category Archive - General

Second Round of Small Business COVID-19 Adaption Grant Program

written by:
Darren Hagarty


The Queensland Government is extending the Small Business COVID-19 Adaption Grant Program. As part of Stage 2 of Queensland’s Economic Recovery Strategy, up to $100 million is being made available to deliver a second round of grants, with half of this funding specifically earmarked for regional small businesses located outside of South East Queensland. Round 2 will open on 1 July 2020. Successful applicants from round 1 of this program cannot apply for funding under…

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JobKeeper – The Finer Details

written by:
Josh McMullen


Late on Friday, explanatory materials were released by Treasury in relation to the JobKeeper payment that has now been passed into law. The explanatory material clarifies many key aspects of the regime. Background On 30 March 2020, the Federal Government unveiled their largest economic response to the Coronavirus, a $130-billion government wage subsidy known as the JobKeeper payment. Under the JobKeeper, businesses impacted by the Coronavirus will be able to access…

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COVID-19 Jobs Support Loans

written by:
Darren Hagarty


While most of the focus has been on the economic response to Cornavirus at the Federal Government level, it is worth remembering that other relief measures are also being offered at a State Government level. One such example in Queensland is the COVID-19 Job Supports Loan package. This scheme is for Queensland businesses and non-profit organisations financially affected by COVID-19 to retain employees and maintain their operations. Low interest loans of…

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Commercial Tenancy Relief

written by:
Josh McMullen


Over the weekend, National Cabinet agreed to a moratorium on evictions for the next six months for commercial and residential tenants in financial distress who are unable to meet their commitments due to the impact of Coronavirus.  With regards commercial tenancy arrangements, the government is encouraging tenants, landlords and financial institutions to sit down together (subject to social distancing guidelines) to find a way through to ensure that businesses can…

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COVID-19 Support from the Banks

written by:
Darren Hagarty


Banks are working with their customers to provide support through the COVID-19 pandemic. This is on the back of a range of measures announced by the government as part of their Coronavirus Stimulus Package, including: Loan Repayment Relief Banks will defer loan repayments for six months for small businesses who need assistance because of the impacts of the coronavirus. SME Loan Guarantee Scheme The Government will establish the Coronavirus SME…

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Further Coronavirus Support Packages

written by:
Josh McMullen


In response to the escalating Coronavirus crisis, the Government yesterday announced a raft of further measures to assist businesses and individuals. These measures are all subject to the passage of legislation through Parliament. Firstly, the Government last week announced a range of measures that it and the banks are putting in place to support businesses over the coming months. Loan Repayment Relief Banks will defer loan repayments for six months…

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