RSM Australia

ACT State Government’s COVID-19 Stimulus Package – What you need to know

*This page was last updated on 23 March. For more information, click here.

The Australian Capital Territory (ACT) Government will: 

  • Defer the payment date for payroll tax for up to 12 months for businesses with taxable wages of up to $10m.  Businesses in affected industries will receive a one-of six-month waiver of payroll tax. ACT
  • Put on hold any increases to vehicle registration, public transport ticketing and parking fees.
  • Waive food and liquor licensing fees, as well as waive taxi and rideshare fees.
  • Provide a $750 rebate to small businesses through their next electricity bill.
  • Provide a $2,622 credit to commercial rates notices and a $150 rebate for every household.  Households receiving the utilities concession will also receive an additional $200 rebate.
  • Establish a $20m fund for simple infrastructure works on public buildings and redeploy public sector staff in events or entertainment to maintenance works.
  • Bring forward $500,000 in arts grant funding also bring forward funding for clubs to retain staff.
  • Provide a $7m package for non-government organisations to meet the increased demand for social services

Source: https://www.abc.net.au/news/2020-03-20/act-government-stimulus-package/12073774

RSM will continue to keep you informed of any further announcements of stimulus and support measures by State and Federal Governments.

VIEW THE COVID-19 RESOURCE CENTRE PAGE >


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