The Government is now providing up to $100,000 to eligible small and medium sized businesses, and not-for-profits (including charities) that employ people, with a minimum payment of $20,000.
On 12 March 2020, the Government announced the Boosting Cash Flow for Employers measure. The measure initially provided up to $25,000 to business, with a minimum payment of $2,000 for eligible businesses.
Small and medium sized business entities with aggregated annual turnover under $50 million and that employ workers are eligible. The Government has enhanced this measure as part of the second economic response package.
Not‑for‑profit entities (NFPs), including charities, with aggregated annual turnover under $50 million and that employ workers will now also be eligible. This will support employment activities at a time where NFPs are facing increasing demand for services.
To read the full release and find out if you are eligible, click here.