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COVID-19 IMPACTS ON SMALL BUSINESS

Every business is being affected by Covid-19/Coronavirus with impacts on customers, staff and supply chains.

Major changes are being put in place to support small businesses in rental premises, please refer to updates on our website www.sasbc.sa.gov.au for information.

Businesses facing particular issues or disputes in terms of their banks, their rental premises, suppliers or other business parties, are encouraged to contact our office on sasbc@sa.gov.au   

One of our staff will contact you as soon as possible to discuss your issue.

Our office specialises in alternative dispute resolution and we will endeavour to work with the parties to find a resolution. 

If you have a dispute please lodge online here.

We are working online to maintain our support to small businesses during the Covid19 pandemic.

Please see our Youtube videos for our recent webinar events which provide  information on how to manage your business through this difficult period. 

The Australian Taxation Office (ATO) is ready to assist small businesses with taxation concerns, visit their website Dealing with disasters.

In relation to staffing and industrial relations matters please refer to your business or industry association which include Business SA, Australian Industry Group, Master Builders Association, Housing Industry Association, Australian Hotels Association, Restaurant and Caterers Association, Motor Trade Association Primary Producers SA who should be able to assist.

Alternatively the Fair Work Ombudsman has a help line to deal with pay and industrial relations matters on 13 13 94 or their website www.fairwork.gov.au.

For further information on financial assistance, eligibility and timing for the Commonwealth Government’s support for businesses visit the business.sa.gov.au website.  

For workplace wellbeing, please visit our information page here.

The South Australian Government passed the COVID-19 Emergency Response Act 2020 (the COVID Act) on 8 April 2020 and accompanying Regulations have been effected on 16 April 2020.
The Act and Regulations  makes various temporary modifications of the law of the State in response to the COVID-19 pandemic including stopping evictions.

Latest updates provided by Department for Innovation and Skills
FRIDAY 9 OCTOBER 2020

Federal Budget 2020-21: What's in it for business?

On Tuesday night, the Australian Government released the 2020-21 Federal Budget outlining several initiatives of interest to South Australia's business community. 

We've provided a summary of these announcements below. For more detailed information, please visit budget.gov.au.

New employee wage subsidies

The Australian Government has introduced a new $4 billion JobMaker Hiring Credit, which will provide businesses with an incentive to take on additional employees aged between 16 and 35 years old.

Around 450,000 positions are expected to be supported through this initiative, which provides employers with $100 - $200 per week, per each eligible employee, for up to 12 months. 

The wages of up to 100,000 new apprentices and trainees will also be partially subsidised through the Australian Government's $1.2 billion Boosting Apprenticeship Commencements wage subsidy.

Eligible employers and Group Training Organisations will receive up to 50 per cent of an apprentice or trainee's wages subsidised, at a maximum of $7000 per quarter, per new apprentice or trainee. 

The subsidy is available for wages paid from 5 October to 30 September 2021, and will run concurrently with the existing Supporting Apprentices and Trainees wage subsidy. It is available to all eligible South Australian employers, regardless of business size or industry.  

For more information, view the Frequently Asked Questions prepared by the Department of Education, Skills and Employment. 

For further information about skills and training, visit skills.sa.gov.au.

Significant tax breaks for individuals and businesses

In addition to tax relief for over 11 million individual Australians, the Budget outlines several tax measures to support Australian businesses.

Companies with turnover up to $5 billion can, up to June 2022, offset tax losses against previous profits and tax paid in or after 2018-19. This will help companies that were profitable and tax paying but now find themselves in a loss position due to the COVID-19 pandemic. 

The instant asset write-off scheme, originally introduced as a temporary COVID-19 support measure, has also been expanded. Businesses with a turnover of less than $5 billion are now able to deduct the full cost of capital assets purchased until June 2022.

The Australian Government has also committed $2 billion to expand the Research and Development Tax Incentive, providing more generous support for businesses that invest in research and development (R&D).

Boost for science, research and innovation

Under the Australian Government's JobMaker plan, $1.5 billion has been committed to the Modern Manufacturing Strategy. Most of this funding will be distributed through the Modern Manufacturing Initiative (MMI); supporting projects that help manufacturers scale up and create jobs.

Priority sectors include minerals and resources, food and beverage, medical, recycling and clean energy, defence and space products. 

The Budget also contains an additional $1 billion for research and additional student places in Australia’s university sector in 2020-21.

Several initiatives supporting more women into STEM roles have been outlined, including $25.1 million to support women through industry cadetships and advanced apprenticeships. 

An additional $35.9 million will expand the Boosting Female Founders initiative, providing female entrepreneurs access to expert mentoring and business advice.

Investing in our infrastructure

The Federal Budget includes $625 million for South Australian transport projects, a significant boost to the state's existing $12.9 billion infrastructure spend. 

To complement the existing HomeBuilder program in supporting residential construction jobs, the Australian Government will also extend the First Home Loan Deposit Scheme. 10,000 additional buyers will be able to access low-deposit loans in 2020-21.

Support for Australia's screen sector

The Budget commits $53.2 million for Australia's screen sector, including funding to support the creation of Australian drama, documentary and children's content.

This national support complements a suite of state initiatives, including the 10% Post Production, Digital and Visual Effects (PDV Rebate) and Screen Location Incentive accelerating film and production work in South Australia.