Financial Support Updates (Small Business)

May 14, 2020 Sharon Purcell

SMALL BUSINESS Concessional Recovery loansPROGRAM: Disaster Recovery Funding Arrangements (DRFA).Joint Commonwealth-State Funded EVENT: Queensland Bushfires, September – December 2019Assistance is available in the following local government areas:Bundaberg Regional CouncilGladstone Regional CouncilLivingstone Shire CouncilNoosa Shire CouncilSomerset Regional CouncilToowoomba Regional Council EVENT: Southern Queensland Bushfires—September 2019Assistance is available in the following local government areas:Noosa Shire CouncilScenic Rim Regional CouncilSouthern…

April 27, 2020 Sharon Purcell

Current: March 2020 SMALL BUSINESS COVID19 SUPPORT SUPPORTING BUSINESS INVESTMENT Instant asset write off threshold increase from $30,000 to $150,000. Ability to deduct an additional 50% of an asset cost in the year of the purchase. WHO IS ELIGIBLE: BUSINESSES WITH AN AGGREGATED ANNUAL TURNOVER OF $10 MILLION OR MORE BUT LESS THAN $500 MILLION…