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Support for businesses - TAS

The Tasmania (TAS) Government has announced measures to support businesses impacted by COVID-19. Below is a summary of each measure.

The information contained below is current as of 17 April 2020 and is provided for general guidance only. The information contained in this document is not specific to any individual or business, and should not be relied upon. You should obtain independent professional advice to ensure that any information is relevant to your circumstances.

Business Continuity Grant
COVID-19 affected businesses can apply for a grant of up to $750 to assist with business continuity planning. For application and guidance details visit the Tasmanian Government website.

Small business emergency support grant
Grants of $2,500 are available to small businesses with less than 25 full time equivalent employees, that are under severe hardship with a loss of revenue greater than 30%. Find out more.

Small business hardship grant
Grants of $15,000 are available to small businesses with less than 50 full time equivalent employees, that are under severe hardship with a loss of revenue greater than 30%, and can demonstrate an ability to continue operating in the current environment and provide products or services necessary for the Tasmanian or Australian community. Find out more.

Grant Program for Apprentice and trainee employment
A $5,000 grant is available for businesses that hire an apprentice or trainee in the tourism, hospitality, building and construction, and manufacturing industries.

For further information on the Targeted Small Business Grants Scheme, contact Skills Tasmania on 1800 655 846 or [email protected] or visit their website.

Payroll tax relief

  • Payroll tax is to be waived/refunded for the entire 2019-20 year for businesses in hospitality, tourism, seafood production and other impacted businesses with payrolls of up to $5 million.
  • For businesses that employ a young person (aged 24 or under) between April 2020 and December 2020, payroll tax will be rebated for 12 months.

For more information contact the State Revenue Office on 03 6166 4400 or [email protected]

Business Support Loan Scheme
Loans from $20,000 to $250,000 are available for businesses with a turnover of less than $10 million to purchase equipment or restructure operations, interest free for the first three years. For more information contact Business Tasmania on 1800 440 026 or visit their website.

Government fees, charges and rent waivers

  • Taxi Licences – The Government will waive annual taxi licence fees for the calendar year 2020
  • Government property rent – Government leased property to commercial tenants will have rent waived for six months.
  • Commercial vehicle registrations – Small businesses going into hibernation will be able to freeze commercial vehicle registrations for up to 12 months and have it reactivated at no cost. The Tasmanian government will also waive some fees and taxes for heavy vehicle registrations (over 4.5 tonnes) for 12 months. Find out more.
  • Tourism operators – For April, May and June 2020, a number of lease, licence and park entry fees will be waived for tourism operators.
  • Liquor licencing – a 50% discount on liquor licencing fees and a waiver of application fees for the calendar year 2020, back dated to 1 January 2020. For more information call Liquor and Gaming on 03 6166 4040
  • Fisheries – Annual fees and levies for the rock lobster, giant crab, fin fishers and for abalone divers, will be waived for 12 months. Find out more.
  • Water and electricity – some businesses may be eligible to have water and electricity bills waived for the first quarterly bill received after 1 April 2020
  • Land tax – Commercial property owners who are also business owners will have land tax waived for 2020-21

Skills Matching Service
The Tasmanian Government has established the Skills Matching Service to help Tasmanians who have lost their jobs due to the COVID-19 situation connect with employers needing staff. Find more details and register.

Industry specific grants

  • Creative industries – grants of up to $10,000 for artists and $50,000 for art organisations and up to $15,000 for musicians are available. Find out more.
  • Primary healthcare – grants of up to $10,000 are available to support general practice’s and pharmacies. Find out more.
  • Regional Chambers of Commerce grants – Grants are available to regional chambers of commerce to assist them to respond to members needs during COVID-19 and beyond into recovery. Find out more.
  • Tourism training fund – $100,000 will be provided to the Tourism Institute Council Tasmanian (TICT) and the Tasmanian Hospitality Association (THA) for training in the tourism and hospitality sectors over the winter months.

Digital Ready for Business program
Extra funding is boosting the Digital Ready program to help more businesses rapidly transition to online and digital models of commerce and customer engagement. Businesses can register for 2 hours of free one-on-one digital coaching by calling 1800 955 660. Other online courses are also available on their website.

FOR MORE INFORMATION
You can contact the Business Tasmania support team on 1800 440 026 or [email protected] or visit their website for further detailed information.

For support or to discuss your options about your business needs, you can contact your IBA relationship manager directly or register your interest. We are here to help.