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Coronavirus emergency—Government Support for the Self-employed—The Facts

Monday, March 23, 2020

Just think. Only two weeks ago the prospect of a massive coronavirus emergency was only beginning to sink in across Australia. Now the nation has moved rapidly into full-scale lockdown in a war against an unseen killer.

The federal government has moved quickly with a massive economic support package. The full extent of this support was released yesterday (Sunday, 22 March). We now know the support package for self-employed small business people, particularly for sole traders.

With assistance from government advisers and support staff we have put together an easy-to-use summary of the key information you need.

This includes:
1. Access to social security payments
2. Cash flow subsidies
3. Accessing superannuation
4. Apprenticeship subsidies
5. Deferred payments on existing loans
6. New government-backed loans
7. New tax investments subsidies
8. Help if going broke

We also have links to
9. State governments support
10. Business tips during Coronavirus
11. Low-income households
12. Cancellations—Travel, events, etc—Scams

Federal government Business Help Hotline 13 28 46 (open 7 days 7am to 11pm)

Links to government source documents are included.

Let’s stay safe. Don’t hesitate to contact us if we can assist. We’ll keep you updated as best we can.

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