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State-Based Stimulus Package Initiatives | Australian Capital Territory

Published by:
James Morris
Published on:
April 02, 2020
Modoras Accounting (QLD) Pty Ltd ABN 81 601 145 215
Stimulus Package Initiatives South Australia

In addition to the Nation-wide packages, states and territories have also created local business relief packages.  From payroll tax to electricity rebates, State Government initiatives for Australian Capital Territory are outlined below. (Please click on the links below for more information.)

Payroll Tax Deferral

All ACT businesses with Group Australia-wide wages of less than $10m can defer payroll tax for FY21, interest-free until 1 July 2022. Eligible businesses will be required to make normal lodgments, however, payment will be deferred

Payroll Tax Waiver

Businesses in hospitality creative arts and entertainment industries will be able to apply for a 6 month waiver of payroll tax from April to September 2020.

SME Electricity Rebate

Eligible SMEs with electricity usage below 100 megawatts are eligible for a $750 rebate on the next electricity bill.

Vocational Education and Training Support

Apprenticeships, traineeships and other VET students will receive increasing VET subsidies.

Other Business Assistance

  • Waiver of license and dining fees for the hospitality business
  • Business advice and support services
  • Waiver of rideshare vehicle license fees for 12 months
  • Credit of the annual fixed charge for eligible commercial property owners
  • Additional payment of $1.5m to the existing $1.8m for ACT community clubs
  • $20m committed to fast track infrastructure projects to government buildings and suburb maintenance

More information on ACT initiatives can be found here:

ACT Government: Local Business and Industry

Want to know more?

With the equity markets and Government support packages frequently changing, we are continually updating and creating new tools and information for you. To review the latest materials on COVID-19, please click here. This page will be regularly updated, so please check back in from time to time.

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Supporting you through the changes. From making the most of the stimulus initiatives, through to managing the risks associated with the impact of the Coronavirus, the Modoras team is here to help you build a resilient business. Make well-informed business decisions; contact us on 1300 888 803 book a catch up with a Modoras professional.

IMPORTANT INFORMATION: This blog has been prepared by Modoras Accounting (SYD) Pty. Ltd. ABN 18 622 475 521. The information and opinions contained in this blog is general information only and is not intended to represent specific personal advice (Accounting, taxation, financial, insurance or credit). No individuals’ personal circumstances have been taken into consideration for the preparation of this material. The information and opinions herein do not constitute any recommendation to purchase, sell or hold any particular financial product. Modoras Accounting (SYD) Pty. Ltd. recommends that no financial product or financial service be acquired or disposed of or financial strategy adopted without you first obtaining professional personal financial advice suitable and appropriate to your own personal needs, objectives, goals and circumstances. Information, forecasts and opinions contained in this blog can change without notice. Modoras Accounting (SYD) Pty. Ltd. does not guarantee the accuracy of the information at any particular time. Although care has been exercised in compiling the information contained within, Modoras Accounting (SYD) Pty. Ltd. does not warrant that the articles within are free from errors, inaccuracies or omissions. To the extent permissible by law, neither Modoras Accounting (SYD) Pty. Ltd. nor its employees, representatives or agents (including associated and affiliated companies) accept liability for loss or damages incurred as a result of a person acting in reliance of this publication. Liability limited by a scheme approved under Professional Standards Legislation.

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