For Businesses

JobKeeper Payment 

The Government’s JobKeeper Payment was a temporary subsidy for businesses significantly affected by coronavirus (COVID-19).

Eligible employers, sole traders and other entities could apply to receive JobKeeper payments for their eligible employee. This was paid to the employer in arrears each month by the ATO.

Businesses could enrol for the JobKeeper Payment through the ATO's Business Portal, in ATO online services using myGov if they were a sole trader, or through a registered tax or BAS agent.

For information about the existing JobKeeper Payment go to www.ato.gov.au/JobKeeper.

Ensuring cash flow to pay bills and wages 

Eligible businesses and not-for-profit (NFP) organisations that employ staff will receive between $20,000 to $100,000 in cash flow boost amounts by lodging their monthly or quarterly activity statements from March 2020 to September 2020.

Find out more: 

Apprentices and trainees 

The government is supporting the continued development of Australia’s skilled workforce and helping eligible businesses retain apprentices and trainees by offering a 50 per cent wage subsidy up to $21,000. 

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Credit and loans 

A new Coronavirus SME Guarantee Scheme means you may be able to access additional loans from participating lenders to support you through the coming months. 

The Government will provide a guarantee of 50 per cent to SME lenders for new unsecured loans to be used for working capital. 

The Government is also providing an exemption from responsible lending obligations for lenders providing credit to existing small business customers. 

This exemption is for six months and applies to any credit for business purposes, including new credit, credit limit increases and credit variations and restructures. 

Supporting regions and sectors 

The Government has set aside $1 billion to support communities, regions and industries most significantly affected by the Coronavirus outbreak. These funds will be available to assist during the outbreak and to help with the recovery. In addition, the Government is assisting our airline industry through a package of up to $715 million. 

JobMaker Plan temporary measures to support businesses

As part of the 2020–21 Budget, the government is implementing a number of measures to help businesses recover from the impact of the coronavirus pandemic (COVID-19).

These measures relate to claiming tax concessions, deductions, and depreciation of assets at tax time. They will support businesses through the economic impacts of COVID-19 for the 2020–21 and 2021–22 financial years.

These measures include:

  • JobMaker Hiring Credit
  • Temporary full expensing
  • Loss carry back
  • Backing business investment – accelerated depreciation
  • Instant asset write-off
  • Increasing the small business entity turnover threshold

For more information, go to ato.gov.au/JobMakermeasures