ANNOUNCEMENT 07 Sep 2020

In September 2020, the authorities of the regional government of Queensland announced new measures to support SMEs affected by the Coronavirus pandemic. 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Queensland Government. The Queensland Cabinet and Ministerial Directory. Media Statements. "More jobs supported through Palaszczuk Government measures for Queensland small businesses and councils" of 7 September 2020. Available at: https://statements.qld.gov.au/statements/90685

Inception date: 07 Sep 2020 | Removal date: open ended

Tax or social insurance relief

On 7 September 2020, the Treasurer and Minister for Infrastructure and Planning of the Australian regional government of Queensland announced the allocation of additional AUD 249 million (ca. USD 181.3 million) to the stimulus package for business affected by the Coronavirus pandemic. 

With the new support scheme, Queenslander SMEs are entitled to 

  • a waiver for of payroll tax for July and August 2020 for businesses with annual Australian taxable wages up to AUD 6.5 million (USD 4.7 million); and
  • exemption of payroll taxes through the JobKeeper subsidy payments

Additionally but out of the GTA scope, the government has also allowed companies to defer existing payroll tax liabilities over the course of 2021.

In relation to this programme, the Treasurer said "For some workers and businesses, conditions have improved since March, [...] Through the success of our strong measures to protect the health of Queenslanders, we have been able open up more of our economy. But we know that thousands of Queensland businesses, particularly in exposed industries, are still doing it very tough. That’s why today I am announcing a range of measures to further ease the tax burden on these companies.”

The new set of measures focus on easing the tax burden on SMEs and sum up to previous actions adopted throughout the outbreak (please, see related state acts). 

 

 

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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