Boosting Cash Flow for Employers

  • Up to $100,000 to eligible small and medium sized businesses that employ people, with a minimum payment of $20,000. Employers will receive a payment equal to 100 per cent of their salary and wages withheld up to $50,000 and a minimum of $10,000, for each of two tranches.  The second tranche is an additional payment an additional payment equal to the total of all of the ‘Boosting Cash Flow for Employers’ payments they have received. This means that eligible businesses will receive at least $20,000 up to a total of $100,000 under both payments.
  • For small and medium sized business entities and not for profits with aggregated annual turnover under $50 million and that employ workers. Eligibility will generally be based on prior year turnover. The payments will only be available to active eligible employers established prior to 12 March 2020. To qualify for the second payment businesses must continue to be active.
  • The payment will be delivered by the ATO as an automatic credit in the activity statement system from 28 April 2020 upon employers lodging eligible upcoming activity statements. Where this places the entity in a refund position, the ATO will deliver the refund within 14 days. The additional payment will be applied to a limited number of activity statement lodgements. The ATO will deliver the payment as a credit to the entity upon lodgement of their activity statements.
  • Access will be via the lodgement of the BAS statement in accordance with normal timetable and process.