InDaily InDaily

Support independent Journalism Donate Subscribe
Support independent journalism

Payroll and land tax relief in Marshall's support package

News

Funds for community groups and sporting clubs, as well as support for businesses, are included in a new $650 million stimulus package unveiled by the South Australian government in the wake of the coronavirus epidemic.

Print article

The package takes total State Government support to $1 billion.

Premier Steven Marshall said $250 million would be allocated to help community groups and not-for-profit organisations, with money also to be allocated to retrain workers.

The government has also allocated $300 million to help businesses and industry sectors facing collapse.

“We know South Australians are hurting and we are taking action,” Marshall said.

“This is, without question, the greatest economic emergency of our generation and our collective response must be equally as potent.

“We recognise the enormous economic challenges confronting our key industries, their employers and staff as a result of the coronavirus pandemic and the necessary restrictions imposed to limit its spread.”

The government’s package also includes big cuts to payroll tax offering businesses about $60 million in savings while some land tax payments will be deferred.

While households receiving Centrelink assistance will get a one-off $500 payment.

Treasurer Rob Lucas said it was impossible to put a figure on the extent of the job losses and the government could not save every job.

But he said the government’s support for businesses and jobs was “unprecedented”.

Key measures

Payroll tax relief: A six-month waiver for all businesses with an annual payroll up to $4 million. Employers with grouped annual wages above $4m able to defer for six months.

Land tax measures: Those with outstanding quarterly bills for 2019-20 will be able to defer payments for six months. For 2020-21 Land Tax Transition Fund relief will be increased from 50% to 100%.

Waiver of liquor licence fees: For those businesses forced to close as a result of social distancing restrictions.

Access to accrued leave for public servants: If a public servant has a family member who has lost their job and moved onto Commonwealth benefits, they will be able to receive their accrued leave down to a limit of two retained weeks.

Cost of living concession: A once-off boost of $500 and bringing 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.

– with AAP

Help our journalists uncover the facts

In times like these InDaily provides valuable, local independent journalism in South Australia. As a news organisation it offers an alternative to The Advertiser, a different voice and a closer look at what is happening in our city and state for free. Any contribution to help fund our work is appreciated. Please click below to donate to InDaily.

Donate here
Powered by PressPatron

More News stories

Loading next article