Sign In

* You are about to leave the Modoras website and be directed to Sage Handisoft - our cloud accounting software partners.


State-Based Stimulus Package Initiatives | Tasmania

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

In addition to the nationwide stimulus, states and territories have also created local business relief packages. From payroll tax to small business loans, State Government initiatives for Tasmania are outlined below. (please click on the links in each section for more information)

Support for Primary and Mental Health Sectors

Assistance for health care workers will be provided by committing $2m in additional support, $1m for accommodation for frontline workers and $1m for mental health programs for individuals suffering as a result of COVID-19.

Small Business Interest-Free Loans

$20m in interest-free loans has been allocated for businesses in hospitality, tourism, seafood production and export sectors to purchase equipment or restructure operations. The three-year loan applies for businesses with turnover of less than $5m.

Payroll Tax Waiver

Businesses in hospitality, tourism and seafood production will receive a waiver of payroll tax liabilities for the last 4 months of FY2020. Other businesses with payroll of up to $5m can apply for a waiver for April to June 2020.

Government Maintenance Program

For the next 12 months, a $50m program to fast track the maintenance of public buildings will be implemented.

More information on TAS initiatives can be found here:

Tasmanian Government: Support & Stimulus Package

Want to know more?

To review the latest materials on COVID-19, please click herefor information and tools that are regularly updated.

Below are some articles that may interest you:

Our team of professionals are here for you during this time to assist you in managing the risks associated with the impact of the Coronavirus, 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 (QLD) Pty. Ltd. ABN 81 601 145 215. 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 (QLD) 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 (QLD) 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 (QLD) 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 (QLD) 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.

Latest Insights