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The Australian Capital Territory (ACT) Government will:
- Defer the payment date for payroll tax for up to 12 months for businesses with taxable wages of up to $10m. Businesses in affected industries will receive a one-of six-month waiver of payroll tax.
- Put on hold any increases to vehicle registration, public transport ticketing and parking fees.
- Waive food and liquor licensing fees, as well as waive taxi and rideshare fees.
- Provide a $750 rebate to small businesses through their next electricity bill.
- Provide a $2,622 credit to commercial rates notices and a $150 rebate for every household. Households receiving the utilities concession will also receive an additional $200 rebate.
- Establish a $20m fund for simple infrastructure works on public buildings and redeploy public sector staff in events or entertainment to maintenance works.
- Bring forward $500,000 in arts grant funding also bring forward funding for clubs to retain staff.
- Provide a $7m package for non-government organisations to meet the increased demand for social services
Source: https://www.abc.net.au/news/2020-03-20/act-government-stimulus-package/12073774
RSM will continue to keep you informed of any further announcements of stimulus and support measures by State and Federal Governments.