State-Based Stimulus Package Initiatives | South Australia
In addition to the nationwide, states and territories have also created local business relief packages. From payroll tax to land tax and infrastructure, State Government initiatives for South Australia are outlined below. (Please click on the links below for more information.)
Payroll Tax Waiver
All eligible businesses with grouped annual payroll up to $4m from April to September 2020 can receive a 6-month waiver of payroll tax. Additionally, $300m in support for affected industries and businesses to help prevent potential collapse. Details yet to be announced by SA government at the time of blog publish.
Payroll Tax Deferral
All eligible businesses with grouped annual payroll of more than $4m who can demonstrate significant cash flow impacts of COVID-19 can apply for 6-month deferral of payroll tax from April to September 2020.
Land Tax Relief
Businesses who are required to pay land tax and those who meet the existing relief criteria of the Land Tax Transition Fund, can receive:
- 6-month deferral of land tax for businesses with outstanding quarterly bills for FY20;
- Increase in the FY21 Land Tax Transitions Fund from 50% to 100%.
Waiver of Liquor License Fees
Eligible hotels, restaurants, clubs and cafes who have been forced to close as a result of COVID-19 restrictions will receive a waiver of liquor license fees for 2020-2021.
$350m in funds committed for current infrastructure projects, road maintenance, housing, tourism and health. Details yet to be announced by SA government at the time of blog publish.
More information on SA initiatives can be found here:
Want to know more?
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Below are some articles that may interest you:
- JobKeeper Payment: Relief for Employers and Employees
- Are you entitled to the Federal Government Stimulus Package
- Government Stimulus Package for Business
- Government Stimulus Package for Individuals
- Australian Tax Office Relief
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.
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