QUEENSLAND GOVERNMENT SUPPORT FOR SMALL BUSINESS

    17th March 2020

    The Queensland Government has announced $500m in loans to support workers in businesses affected by COVID-19

    The $500 million concessional loan facility would comprise loans of up to $250,000 with an initial 12-month interest free period for businesses to retain staff.

    Information on the concessional loans will be available at QRIDA from the end of this week.

    A relief package is also available to all businesses, which means they don't need to lodge or pay payroll tax returns before 31 July 2020.

    More details on payment arrangements and deferrals can be found here at PAYROLL TAX

    PVW Partner will continue to provide regular updates on COVID-19 support packages for small business as they become available.

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