The Commonwealth Government has committed to the following initiatives:
- Jobkeeper Payments Program.
- Instant asset write-off increases (but note that the limit for motor vehicles remains at $57,581).
- Accelerated depreciation measures.
- Relaxation of some directors’ duties regarding trading while insolvent.
- A guarantee of 50 per cent to SME lenders for new unsecured loans to be used for working capital.
- Payments to small to medium sized businesses to boost cashflow.
- Tax Payments Support Plan.
- Mandatory Code for Commercial Leasing.
- Apprentice and trainee subsidies.
- Childcare Stimulus.