GOOD NEWS FOR SMALL BUSINESSES
The NSW Government has this morning announced a $750 million-dollar package for small business whereby small businesses will receive grants of up to $10,000 to help with their cash flow. It is intended that businesses such as cafes, restaurants, corner shops, shops, gyms and small accommodation providers will be eligible applicants. Key features of the package are:
This is a complicated and financially difficult area, balancing the interests of landlords against tenants, particularly where tenants have closed their doors and have no cash flow to speak of.
Today, the Prime Minister again foreshadowed a mandatory code of conduct to apply to commercial tenancies. The plan is to incorporate the code into State and Territory legislation. It will apply where there is a turnover of less than $50 million and where the tenant is entitled is eligible for the JobKeeper allowance. The mandatory code will be guided by certain principles:
Please see the full Media Release by the Prime Minister: https://www.pm.gov.au/media/update-coronavirus-measures-030420
The proposed code of Conduct is to be discussed by the National Cabinet on 7 April 2020.
The Media release also contained statements on Religious Services, Easter Holidays and Childcare and Education.
Both Barnaby Joyce and Adam Marshall have quickly responded to my correspondence about the QantasLink service to Armidale. Both have been communicating/lobbying with Qantas to ensure a service will continue to Armidale. While no decision has been reached, I’m optimistic of an outcome that is satisfactory, given that the aviation industry has fallen off a cliff because of COVID-19. I will let you know as soon as I hear further.
While trolling through news reports I found this which may be of interest for some of you: https://www.abc.net.au/news/2020-04-03/coronavirus-rules-restrictions-can-i-go-fishing-visit-relatives/12112446
As we head towards Easter keep social distancing.
Armidale Business Chamber
m. 0402 838 077
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