There are a range of government measures that have been introduced to support individuals and businesses who are impacted by COVID-19.
Find the latest news and updates from government agencies at australia.gov.au.
How to access financial help during the Coronavirus pandemic.
Financial support and information for businesses of all sizes.
If you have been stood down or your income has reduced significantly, there are things you can do and supports you may be able to access to help you get through the coming months.
SEEK RENT RELIEF
No evictions are permitted for six months for residential and commercial tenants experiencing financial distress due to COVID-19. You may be eligible for government rental assistance; you can also talk to your landlord about possible further rental relief.
SEEK UTILITY RELIEF
Most utility and internet providers offer financial hardship programs, some specifically related to COVID-19. Contact your provider for details of the relief measures available to you.
DEFER HOME LOAN REPAYMENTS
Many banks are allowing mortgage holders to defer payments for six months.
Speak to your lender about your options.
JobSeeker & Coronavirus Supplement Payments
If you ALREADY receive a payment from the Government…
A temporary COVID-19 supplement is to be paid at a rate of $550 per fortnight for six months to existing recipients of eligible payment categories.
This includes all social security, veteran and other income support recipients and eligible concession card holders.
A $750 one-off Economic Support Payment for those receiving an eligible payment between 12 March 2020 and 13 April 2020 will be received directly into your bank account.
If you NEED to receive a payment due to COVID-19…
The Government is temporarily expanding eligibility to income support payments – JobSeeker, Youth Allowance, Parenting payment – to those who meet eligibility rules.
JOB SEEKER support…
If your income has fallen below a certain level and you meet eligibility rules (including income tests), you may be eligible for JobSeeker income support. Payments will be made immediately with full information required later.
JobSeeker payments have been temporarily increased by $550 per fortnight.
How to Claim
You can register your intent to claim a Centrelink Payment. Your payment will be backdated.
You need a myGov account to set up and use your Centrelink online account.
You’ll need to link your service to your myGov account.
To make a Centrelink claim:
If you are navigating the impacts of COVID-19 through retirement and your income has been impacted, you can:
Seek additional payments from the government
Reduce your minimum drawdown rate
Take measures to remain safe and secure during this time
Increase your online safety and awareness of scams
Further details are outlined in a Guide provided by the Commonwealth Bank, available HERE.
If your business has been forced to shut down or revenue has significantly decreased, there are a range of Government supports available and things you can do.
SEEK TO LOOK AFTER YOUR EMPLOYEES
Explore measures to keep your employees to quickly restart your business when COVID-19 passes. You may be able to keep paying them, stand them down, direct them to JobSeeker payments.
APPLY FOR THE JOB KEEPER SUBSIDY
The government will pay eligible employers a $1,500/fortnight allowance as a “job keeper” payment for those going into “hibernation” for the next 6 months.
Read the fact sheet HERE.
DEFER LOAN REPAYMENTS
Most banks will defer loans for up to six months. Speak to your bank about your options.
SEEK RENT AND UTILITY RELIEF
Speak to your utility providers about temporary relief. Speak to your landlord about possible rental relief.
BOOST CASH FLOW
There is a full rebate on income tax withholdings from $20,000 to $100,000.
Read the Fact Sheet HERE.
Assistance For Severely Affected Regions And Sectors, information available HERE
Coronavirus SME Guarantee Scheme – supporting the flow of credit, information available HERE
Temporary Relief For Financially Distressed Businesses, information available HERE
Support For Business Investment: Increasing the Instant Asset Write-off & Backing Business Investment, information available HERE
For more information visit about support for businesses:
STATES & TERRITORIES
Links to the latest local state government responses to COVID-19 are available here.