Support for businesses - Wa
The Western Australia 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.
A grant of $17,500 is available for businesses with a payroll between $1 million to $4 million. No application is required, the grant will be paid automatically from 1 July 2020. Find more details.
Payroll tax relief
The payroll tax threshold will increase to $1 million from 1 July 2020. Businesses paying up to $7.5 million in wages will be eligible for waivers or deferral of payments. Find more details.
The WA government will waive rent for six months for businesses and not-for-profits in government owned premises. Find more details.
WA Aboriginal Business Support
The Department of Finance is encouraging Aboriginal businesses capable of providing COVID-19 related products and services, such as hand sanitiser, face masks, toilet paper supply, logistics and cleaning services, to complete a survey to register their interest visit their website.
Utilities, tax and duties relief
- Power and Water – a one-off $2,500 credit on electricity bills for small businesses that consume less than 50MWh per annum. Disconnections will not be allowed, and interest will not be charged on deferred payments until 30 Sept for COVID-19 affected businesses.
- Interest free payments arrangements – will be available for a range of taxes and duties, including payroll tax, transfer duty, landholder duty, vehicle licence duty or land tax
- Licence fees – a range of licence fees have been waived or will be refunded if already paid, including liquor licence renewals
Taxi and on-demand transport industry relief package
The WA Government will be delivering a $9 million relief package to support the taxi and on-demand transport industry through the COVID-19 coronavirus pandemic. It includes:
- $4.7 million in regional taxi assistance payments available to around 200 former country taxi licensees
- $1.5 million to provide a cash payment of $2,500 to around 600 authorised on-demand booking services
- $2.95 million to waive renewal fees for the next 12 months:
- $1.95 million for passenger transport vehicles
- $1 million for on-demand booking services
- relieving stress for approximately 300 regional taxis and 1,000 metropolitan taxis in delaying the requirement for new or upgraded cameras from 2 July 2020, to at least 1 July 2021.
Business support and advice webinars
The WA Business Advisory Service provides free advice to businesses. Free webinars on a range of topics are also available. Find more details.
FOR MORE INFORMATION
You can contact the WA Business Advisory Service on 133 140 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.