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SA Government Jobs Rescue Package
The Marshall government has just announced a further $650 million jobs package for South Australia. Along with the first package already announced, it totals $1 billion.
Details are still a bit thin, but below are the ones that we think apply to your business and what we know so far:
Payroll tax relief (up to $60 million of savings to business)
- 6-month waiver for all businesses with an annual payroll (grouped) up to $4 million.
- Eligible businesses won’t have to pay any payroll tax from April to September.
- This measure is expected to assist up to 2,400 businesses and save them up to $84,000 over the six months (average saving $25,000).
- Employers with grouped annual wages above $4 million able to defer payroll tax payments for 6 months on demonstration of significant impacts on cash flow of coronavirus.
- Around 4,300 businesses will be able to access this payroll deferral and is expected to increase overall cash flow by around $580 million.
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$300 million Business and Jobs Support Fund
- A fund to support individual businesses and industry sectors directly affected by coronavirus, and face potential collapse – and the loss of thousands of jobs – as a result.
- Details have not been released. We will keep monitoring this and pass any further information on to you as soon as we have more.
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Land tax relief (up to $13 million in additional savings)
- From July, the government’s significant land tax reforms will kick in, delivering $189m in savings to investors and landlords over the next three years.
- Under the new measures, individuals and businesses with outstanding quarterly bills for 2019-20 able to defer payments for 6 months (up to 28,000 private land tax ownerships will benefit).
- For 2020-21 Land Tax Transition Fund relief will be increased from 50% to 100% based on existing relief criteria guidelines – saving some investors up to $50,000.
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Cost of living concessions (an estimated additional benefit of about $30 million)
- A once-off boost of $500 and bring forward the 2020-21 ‘Cost of Living Concession’ for households who are receiving the Centrelink JobSeeker Payment, assisting those who are unemployed or lose their jobs as a result of the coronavirus restrictions.
- For eligible homeowners, their 2020-21 payment of $215.10 will now become $715.10. Eligible tenants will receive $607.60.
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Your mental health is important
The outbreak of the coronavirus COVID-19 has impacted people in varying ways on an international scale. It is understandable that during times like this, people may be feeling afraid, worried, anxious and overwhelmed by the constantly changing alerts and media coverage regarding the spread of the virus.
Strategies to cope with social distancing, self-isolation or quarantine
Going into a period of social distancing, self-isolation or quarantine may feel scary or overwhelming, and can contribute to feelings of helplessness and fear. As well as the above, we encourage:
- Perspective – try to see this time as unique and different, not necessarily bad, even if it’s something you didn’t necessarily choose.
- Connection – think of creative ways to stay connected with others, including social media, email and phone.
- Be generous to others – giving to others in times of need not only helps the recipient, it enhances your wellbeing too. Can you help others around you?
- Stay connected with your values – don’t let fear or anxiety drive your interactions with others. We are all in this together!
- Daily routine – create a routine that prioritises things you enjoy and even things you have been meaning to do but haven’t had enough time. Read that book, watch that show, take up that new hobby.
- Limit your exposure to news and media – perhaps choose specific times of day when you will get updates, and ensure they are from reputable and reliable sources.
Source: Lifeline
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Reputable sources of information
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Where to go for support
It is extremely important to seek out help if you feel you need it. All of these services can really give you a lot of advice and support:
- Lifeline on 13 11 14 (24 hours a day, 7 days a week)
- Lifeline text 0477 13 11 14 (6pm – midnight, 7 nights a week)
- Beyond Blue on 1300 22 4636, or beyondblue.org.au
- Regional Access Program (country areas, 24 hours a day, 7 days a week) on 1300 032 186, or saregionalaccess.org.au
- Lived Experience Telephone Support Service (LETSS) (a peer mental health support line, 5pm – 11:30 pm) on 1800 013 755, or letss.org.au
For people under 25 years of age
- Kids Helpline on 1800 55 1800, or kidshelpline.com.au
- Youth Beyond Blue on 1300 224 636
- eheadspace on 1800 650 890
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