Tasmanian economic stimulus package

The Tasmanian Government will provide one-off emergency relief payments of $250 for individuals and up to $1000 for families who are required to self-isolate by public health as a result of coronavirus.

Premier Peter Gutwein made the announcement on Tuesday afternoon as part of the government’s $420 million economic response to the pandemic.

He said $1 million would be provided for accommodation for front line workers in circumstances where their family members are ill so they can continue to contribute to health responses.

Small to Medium Businesses

  • with an annual payroll of up to $5 million in Australian wages will be able to apply, based on the immediate impact of the virus on their businesses, to have their payroll tax payments waived for the three months from 31 March to June 2020.
  • Introduction of a youth employment payroll tax rebate scheme for young people from 1 April 2020.
  • one-off $5,000 grants for businesses that hire an apprentice or trainee, complementing the Federal Government’s apprenticeship package.

Hospitality, Tourism, Seafood and Exports sectors

  • $20 million for the provision of interest-free loans. The loans will be available to small businesses with a turnover of less than $5 million for the purpose of purchasing equipment or restructuring business operations and will be interest-free for a period of up to three years.
  • We will waive payroll tax for the last four months of this financial year 
  • 50 per cent discount on liquor licencing fees and waive all application fees for the calendar year 2020, back dated to 1 January 2020.
  • For the fourth quarter of 2019-20, the Government will waive tourism operator lease, license and entry fees for tourism businesses.
  • Fees waived for 12 months for those in the rock lobster, giant crab and fin fisheries, and for abalone divers

source: http://www.premier.tas.gov.au/releases/investing_to_sustain_a_strong_economy_and_local_jobs