South Australian Government support
To help drive the economy, secure jobs and support industry through COVID-19, the South Australian Government’s stimulus package will inject a total of $1 billion into our economy.
The stimulus package aims to save South Australian jobs, safeguard the state’s economy and minimise the economic impacts of the COVID-19 global crisis.
The Jobs Rescue Package
includes one off emergency cash grants of $10,000 for small businesses and not-for-profits that have suffered a significant loss of income or been forced to close as a result of necessary coronavirus-related restrictions.
It also includes two new funds aimed at helping entities to survive and minimising job losses:
- $300m Business and Jobs Support Fund
- $250m Community and Jobs Support Fund
The Business and Jobs Support Fund will be used to directly assist individual businesses and industry sectors facing potential collapse and the loss of thousands of jobs due to the ongoing impacts of coronavirus and necessary new restrictions to limit its spread.
The Community and Jobs Support Fund will assist community organisations, such as sporting, arts and recreational bodies, non-profit organisations and some other industry sectors. This fund will also help with training South Australians seeking new skills and employment and to assist organisations to meet increased demand for services, including emergency relief.
The Jobs Rescue Package includes several other measures to support businesses and households including payroll and land tax relief, waiver of liquor licensing fees and a boost to the cost of living concession.
To find out more about the South Australian Government’s support, visit the Department of Treasury and Finance
Commonwealth Government support
The Commonwealth Government is supporting Australian businesses to manage cash flow challenges and retain employees.
Assistance includes workforce support, financial payments and temporary measures to provide relief for financially distressed businesses.
This includes the $130 billion JobKeeper payment subsidy scheme which will help to keep businesses in business and Australians in jobs during the COVID-19 crisis. The payment will be open to eligible businesses that are significantly impacted by COVID-19.