“As many businesses face a number of weeks of little or no cash flow before they receive payments under the Government’s JobKeeper program, Australian banks may be able to help. “
“Many businesses may be eligible for credit, for example, an extension to their overdraft, which can offer them cashflow to pay their staff, while they wait for the JobKeeper program to make the first payments. Each business will be assessed on a case by case basis to determine the assistance that may be appropriate to their circumstances.
“Businesses affected by the COVID-19 crisis should contact their bank to access these initiatives and discuss what support is available to them including options to defer loan repayments for up to six months,” she said.
ABA CEO Anna Bligh
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A further announcement has been made by the Commonwealth Government, clarifying some of the questions relating to different visa holder.
COVID-19 Temporary Visa Holders Frequently Asked Questions
COVID-19 Frequently Asked Questions Temporary visa measures supporting the agriculture sector
DITID Industry Update
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- New Coronavirus (COVID-19) Business Assistance Finder tool
- Info on the Backing Business Investment incentive
- Registered charities access to JobKeeper COVID-19 wage subsidy
- #MakingItForQLD campaign – a call for Queensland manufacturers to re-purpose themselves to support Queensland during the COVID-19 crisis