COVID 19 BUSINESS RESOURCE GUIDE
The spread of the novel coronavirus (COVID-19) is significantly impacting local businesses and this impact will be felt for the days, weeks, months and potentially years ahead.
The District Council of Streaky Bay is committed to supporting our businesses through this challenging time.
Navigating and accessing the most up to date information and resources can be challenging and we have developed this webpage in attempt to provide all the information that is currently available.
For further information relating to COVID-19 please refer to the COVID-19 webpage
CURRENT RESTRICTIONS ON NON-ESSENTIAL SERVICES
To keep up to date with the changes please click here
REGIONAL DEVELOPMENT AUSTRALIA WHYALLA EYRE PENINSULA
RDAWEP has gathered tips and resources to help you manage your small business or organisation during the coronavirus crisis and into the receovery phase. Much of this information is categorised below hower Click here for further information.
In addtion to this RDAWEP would like to hear your story on the impact of coronavirus on the Eyre Peninsula businesses and communities.
Please take the time to complete the short survey by clicking here
STATE GOVERNMENT SUPPORT
Practical Advice and Tips Click Here
The Jobs Rescue Fact Sheet (27/03/2020) Click here
For all the up to date information visit www.business.sa.gov.au
FEDERAL GOVERNMENT SUPPORT
Backing Business Investment (BBI)
A time limited 15 month investment incentive to support business investment and economic growth over the short term by accelerating depreciation deductions.
This applies to eligible assets acquired from 12 March 2020 and first used or installed by 30 June 2021. Businesses with a turnover of less than $500 million will be able to deduct 50% of the cost of an eligible asset on installation, with existing depreciation rules applying to the balance of the asset cost.
For more information visit Backing Business Investment
Increasing the Instant Asset Write-Off (IAWO)
The Instant Asset Write-Off threshold has been increased from $30,000 to $150,000 and access has been expanded to include businesses with aggregated annual turnover of less than $500 million (up from $50 million).
This applies from 12 March 2020 until 30 June 2020 for new or second-hand assets first used or installed ready for use in this timeframe.
For more information visit Increasing the Instant Asset Write-Off
As at 22 March 2020, the Government is now providing up to $100,000 to eligible small and medium sized businesses, and not for profits (including charities) that employ people with a minimum payment of $20,000.
The payment will provide cash flow support to businesses with a turnover of less than $50 million that employ staff. The payment will be tax free.
For more information visit Boosting Cash Flow for EmployersSupporting the flow of credit
The Government, Reserve Bank of Australia and the Australian prudential Regulation Authority have taken coordinated action to support the flow of credit in the Australian economy, in particular for small and medium enterprises (SME's). The Coronavirus SME Guarantee Scheme will provide support for these businesses.
Under the scheme, the Government will provide a guarantee of 50 per cent to small and medium enterprise (SME) lenders for new unsecured loans to be used for working capital. This will enhance these lenders' willingness and ability to provide credit, which will result in SME's being able to access additional funding to help support them through the upcoming months.
Temporary Relief for Financially Distressed Businesses
There is a temporary increase to the threshold at which creditors can issue a statutory demand on a company and the time companies have to respond to statutory demands they receive. This includes temporary relief for directors from any personal liability for trading while insolvent, and providing temporary flexibility in the Corporations Act 2001 to provide the temporary targeted relief from provisions of the Act.
The elements of the Package are click here
Support Available for Employers
The Australian Government has announced measures to support businesses impacted by the Coronavirus. If you're an employer, learn what your business can get and where to go for help click here
Sole Traders can also check out the Smart Company's Guide to managing cash flow in the coming months
visit the Australian Government Business website for information and support for business
Contact your bank, landlord, utility companies and Council to ask about what hardship services they may be offering, including mortgage or rates holidays, lower interest or payment plans.
All businesses are encouraged to contact their accountants and/or seek advice from the ATO in regard to what package would best suit them.
The National Debt Helpline is available for free financial counselling, enquiries and assistance.
GENERAL BUSINESS SUPPORT
(Including Free Webinars)
Business SA - Helpline for Small Businesses
Looking for answers? Please ring the Business SA Hotline on 13 28 46, the hotline has been expanded to provide specialist advisers and extended hours to support small and medium businesses impacted by the pandemic.
Operations at the Contact Centre have increased from five days per week to seven days per week and provide an additional two hours a day of support outside standard operating hours for the first month, answering calls from 7am - 11pm AEST. You can talk over the phone, live chat or email.
Business SA in addition to this are running a number workshops via webinars that provide businesses with practical information during this time Business SA Covid 19 Support
Small Business Commissioner of South Australia
The SBCSA is currently providing a range of advice services, tennants and landlords are encouraged to refer to the retail and commercial leasing guide or call 1800 072 722 with any queries.
Help from the ATO
The ATO will provide administrative relief for certain tax obligations (similar to relief provided following the bushfires) for taxpayers affected by the coronavirus outbreak, on a case-by-case basis.
Contact the ATO on 1800 806 218 or visit ato.gov.au for more information. View the Media Release March 20 2020
What are my employer obligations?
As an employer, you have certain obligations to look after your employees under work, health and safety legislation (WHS). You must identify hazards and risks in the workplace and do what is reasonably practicable to eliminate and/or minimise them.
COVID-19 is considered a workplace risk and you must put in place minimisation strategies.
Your employees also have a duty of care and must take reasonable care for their own health and safety and to not adversely affect the health and safety of other. Workers should always practice hygiene and other measures to protect against infections.
For advice on managing COVID-19 risks and work health and safety, visit SafeWork SA. Business SA COVID-19 Employer Guide.
I Need Advice On Managing Employee Leave
The Fair Work Ombudsman provides specific information about what to do if an employee is sick or needs to be excluded from work. It also provides guidance on whether employee leave should be considered as sick leave, carer's leave or annual leave, as well as advising on the process for requesting employees to take leave.
How Can I Prepare My Business If I Get Sick?
It's important to be prepared in case you cannot be there to run your business. Having a Business Continuity Plan (BCP) ahead of time is a good way to ensure that your business can remain operating or viable should a disaster strike. Start your Business Continuity Plan with this BCP template.
Other practical ways to prepare for a shutdown or isolation period:
· use cloud-based storage for your business records to enable you to access key data and documents from any location with an internet connection
· Maintain a list of your key contacts and handover notes prepared and easily accessible in the event that someone needs to run your business on your behalf
· Have a staffing plan to ensure your employees are trained with the skills and knowledge to undertake necessary activities
· Ensure that you have arrangements for relief or casual/temporary staff you can call on at short notice if your regular staff are unable to work
Workplace Law and COVID-19
In this unprecedented working environment, Fair Work Australia is encouraging employees and employers to collaborate on finding suitable working solutions for individual workplaces and staff.
Visit Fair Work Australia's website to ensure you stay up to date with the facts around COVID-19 and Australian workplace laws.
TRAINING, WEBINARS AND WORKSHOPS
Strategist and Business Model Innovation specialist Andrew Leunig will share his insights into the next 18 months. This webinar will give you tools and ideas...
Following modules on business survival, government grants, tips and ideas about living in uncertain times and communicating in times of a crisis, this online training course will help you build your own business continuity plan ready for implementation.
This workshop is the ideal, practical guide to grant writing for any tourism entity seeking to attain funding by applying for tourism funding.This is a practical step by step workshop where grants from both the public and private sector will be assessed. The workshop will provide an overview and update of Tourism Programmes in Australia, tips and case studies on how to successfully apply for funding, how to develop key performance indicators and calculate return on investment against the grants selection criteria; and will provide an overview on Destination Management Plans as an essential tool to assist with developing an application.
Move your small business into the ever-evolving digital world and use digital transformation help your business grow!!
The SA Government Department of Innovation of Skills is also running a number of FREE Webinars click here
AUSTRALIAN TAXATION OFFICE - Supporting Your Small Business – Webinars, Workshops and Learning Resources
During this difficult time, you can contact employee related wellbeing services if available at your workplace or helpline services such as:
For over 10 years now, Rural and Remote Mental Health has been delivering early intervention and prevention based mental health programs Australia-wide.
Suicide Call Back Service 1300 659 467
We provide free counselling for suicide prevention & mental health via telephone, online & video for anyone affected by suicidal thoughts, 24/7
Mensline 1300 789 978
Mensline Australia is a telephone and online counselling service for men with emotional health and relationship concerns. We're here to help anywhere, anytime.
Regional Access 1300 032 186
Regional Access offers free professional telephone and online counselling 24 hours a day, seven days a week for people 15 years and older living or working in regional South Australia.