Government Incentives & Grants The FULL COVID-19 LIST

We’ve made it quick and convenient for you to discern and apply for a list of recent government COVID19 initiatives for small - medium businesses.

In light of the Coronavirus pandemic the economy (both locally and globally) has come to what seems to be an abrupt halt. We’ve witnessed the stock market darlings endure large corrections, high volatility, mass redundancies, and growing employment uncertainty. What is even more scary is realising that it’s not only established businesses facing these challenges, but also early - stage companies in their infancy.

As a way to educate our network and provide as much insight/tips as possible around surviving the storm CRIISP media has recently released the 2020 white-paper on the topic. However we wanted to take out a particular section of the white-paper which we feel all affected companies should be seriously considering.

  • Government Incentives & Grants

Below we have listed all the government incentives & grants we feel are relevant to our network - there is no shame in asking for a helping hand. And given the amount of employees on jobseeker as we speak there seems to be a strong appetite for more help.

Job Keeper Subsidy

The JobKeeper subsidy aims to subsidise the cost of employee wages to companies that have been significantly impacted by COVID-19. Eligible businesses will receive $1,500/fortnight for each employee for up to 26 weeks.

More Information Here

Boosting Cash Flow for Employers

Temporary cash flow boosts will support small and medium businesses and not-for-profit organisations during the economic downturn associated with COVID-19.

Eligible businesses and not-for-profit (NFP) organisations who employ staff will receive between $20,000 to $100,000 in cash flow boost amounts by lodging their activity statements up to the month or quarter of September 2020.

More Information Here

Early access to Superannuation

The Government is giving sole traders, people whose business was suspended due to restrictions, or those have experienced a 20 per cent or greater reduction in turnover as a result of the pandemic, special access to withdraw funds from superannuation.The tax free withdrawals are capped at $10,000 this financial year and a further $10,000 next financial year.

More Information Here

Temporary Relief For Financially Distressed Businesses

If encountering a ‘temporary period of insolvency’ businesses will be provided higher thresholds and more time to respond to the demands of creditors as well as other reliefs.

More Information Here

Increasing the Instant Asset Write - Off

Instant asset write - off threshold has been lifted to $150,000 (from $30,000) and expanded to include businesses with aggregated annual turnover of less than $500 million (up from $50 million) until 30 June 2020.

More Information Here

Backing Business Investment

Up until June 30 2021 businesses will have a time - limited 15 month incentive to invest by accelerating depreciation deductions.

More Information Here

Wage Subsidy for Apprentices & Trainees

A 50 per cent subsidy for wages paid to apprentices is available to small businesses, including those using a Group Training Organisation, to help retain existing apprentices and trainees.

More Information Here


It’s important to critically consider each and every one of the above grants, subsidies and incentives to figure out which ones best suit your venture. Of course none of these are guaranteed lifesavers but in conjunction with other survival practices they may form the vessel that takes you to your next funding round with your head above the water.

CRIISP Media Group

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