COVID-19 support for business
There are a range of Australian Government programs available to support Territory export businesses through the challenges faced as a result of COVID-19.
International freight support measures
The International Freight Assistance Mechanism is a targeted, temporary, emergency measure put in place by the Australian Government in response to COVID-19. The mechanism provides funding to help keep international freight routes and flights operating into and out of Australia.
For more information, go to the Australian Government Austrade website.
Austrade COVID-19 international market update
As part of ‘Team Australia’, Austrade are working closely with the network of government departments and industry agencies to help Australian businesses overcome complex and fast-evolving coronavirus (COVID-19) related challenges.
You can access market and sector insights, updates on Australian supply chains, and links through to the COVID-19 support for Australian businesses on the Austrade website.
Temporary changes to the foreign investment framework
The Foreign Investment Review Board has introduced a $0 monetary screening threshold for all foreign investments.
All proposed foreign investments into Australia that are subject to the Foreign Acquisitions and Takeovers Act 1975 will require approval, regardless of value or the nature of the foreign investor.
For more information, go to the Australian Government Foreign Investment Review Board website.
Last updated: 28 January 2021
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