A Message from Netball ACT
Date: 9 April 2020
To: The ACT Netball Community
From: Netball ACT
Re: Information and Support for Netball Clubs and Districts, Individuals and Households - Coming back bigger and better
COVID-19 – Commonwealth Government assistance for Districts, clubs and/or individuals and households
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Support for Individuals and Households - The Australian Government is providing financial assistance to Australians to support them through the Coronavirus. This assistance includes income support payments, payments to support households and temporary early releases of superannuation.
For more information about the assistance available, visit https://treasury.gov.au/coronavirus/households.
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‘JobKeeper’ payment - Under the JobKeeper Payment, businesses impacted by the Coronavirus will be able to access a wage subsidy from the Government to continue paying their employees. Affected employers will be able to claim a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum of 6 months.
To register your business visit https://www.ato.gov.au/general/gen/JobKeeper-payment/.
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Boosting Cash Flow for Employers - The Government is providing up to $100,000 to eligible small and medium-sized businesses, and not for-profits (NFPs) that employ people, with a minimum payment of $20,000. These payments will help businesses and NFPs with their cash flow so they can keep operating, pay their rent, electricity and other bills and retain staff. Small and medium-sized business entities with aggregated annual turnover under $50 million and that employ workers are eligible. NFPs, including charities, with aggregated annual turnover under $50 million and that employ workers will now also be eligible.
Increasing the instant asset write-off - The Government is increasing the instant asset write-off threshold from $30,000 to $150,000 and expanding access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million) until 30 June 2020. In 2017-18 there were more than 360,000 businesses that benefited from the current instant asset write-off, claiming deductions to the value of over $4 billion. This measure will support over 3.5 million businesses (over 99 per cent of businesses).
