Business update: Small Business Survival Fund
The Jobs Rescue and Recovery plan’s Small Business Survival Fund is a $50 million initiative to help Territory small businesses survive the unprecedented economic impacts of coronavirus (COVID-19).
The fund specifically targets support to businesses in the hospitality, restaurant, tourism and entertainment sectors that have had a significant reduction in trade due to the shutdown and social distancing provisions.
Eligible businesses will be able to apply for two payments:
- an immediate survival payment of between $2,000 and $50,000 to help offset the immediate cost pressures on businesses
- a rapid adaption payment of between $1,000 and $5,000 to help businesses make the necessary changes it needs to help adapt to the new operating environment.
The Small Business Survival Fund is available to eligible businesses in addition to other support, including the Jobs Rescue and Recovery plan and the Tourism Resilience Package.
You can apply for the Small Businesses Survival Fund on the Business Recovery website.
Jobs Rescue and Recovery - tradies and contractors can register now
Tradies and contractors can register now to provide works through the Home Improvement Scheme, Business Improvement Grants and Immediate Work Grants.
To get involved tradies and contractors must register their details on the Business Recovery website.
There’s one registration for all three programs.
Once tradies and contractors are registered, they will be contacted by businesses, not-for-profits and home owners when applications open:
Home Improvement Scheme - applications for home owners open on 6 April.
Business Improvement Grant - applications for businesses open on 13 April.
Immediate Works Grant - applications for not-for-profits and community organisations open on 20 April.
You need to have an approved voucher before the work commences.
Tourism business support
Tourism businesses can access immediate and targeted business support through KPMG. The program provides two hours of dedicated, confidential support from qualified KPMG consultants.
For more information on the KPMG business support, go to the Tourism NT website.
Northern Territory workers
The Northern Territory Government will establish a $5 million Worker and Wellbeing Fund to support local workers struggling with the economic effects of the coronavirus (COVID-19).
The fund will focus on Territorians who are experiencing unemployment, reduced income or who are affected within their workplace because of coronavirus (COVID-19).
More information will be available on 3 April 2020.
Territory Jobs Hub
Workers impacted by coronavirus (COVID-19) can connect with local businesses and find new employment via the Territory Jobs Hub online portal.
The portal will also help businesses that need people to connect with those looking for work, this includes casual and contract work.
To find out more, go to the Northern Territory Government website.
Updates from National Cabinet
Moratorium on evictions
National Cabinet have agreed to a moratorium on evictions over the next six months for commercial and residential tenancies in financial distress who are unable to meet their commitments due to the impact of coronavirus (COVID-19).
Commercial tenants, landlords and financial institutions are encouraged to sit down together to find a way through to ensure that businesses can survive and be there on the other side.
For more information, go to the Prime Minister of Australia website.
JobKeeper payment for employees
The JobKeeper payment helps businesses significantly impacted by the coronavirus (COVID-19) cover the costs of their employees’ wages, so more Australians can retain their jobs and continue to earn an income.
Employers can claim a fortnightly payment of $1,500 for each employee that continues to be engaged, effective from 30 March 2020, for up to six months.
For more information, go to the Australian Government's The Treasury website.
Coronavirus Australia app
The Australian Government has today released a WhatsApp channel and a Coronavirus Australia app for up to date news and information about coronavirus (COVID-19).
To download WhatsApp for iOS or Android if you don’t already have it, go to aus.gov.au/whatsapp.
You can download the Coronavirus Australia app for: