FINAL - THA_Review_Magazine_April 2020

Version 1.0 | 26 March 2020

Protecting yourself from coronavirus

Small business support package

This interim guidance is based on what is currently known about coronavirus (COVID-19). The Tasmanian Government will update interim guidance as needed and as additional information becomes available. This interim guidance is to help everyone plan for community transmission of coronavirus in Tasmania. There is much to learn about its transmissibility, severity, and other features of the disease . We want to help everyone prepare their response to this public health threat.

The health, safety and wellbeing of Tasmanians is our number one priority as we face the challenge of coronavirus. We also recognise the significant impact the unfolding COVID-19 situation and trading restrictions are having on Tasmanian small businesses. The impact to Tasmanian small businesses is significant and we are providing $40 million in grants to help those affected. Immediate support is now available in the most severely impacted industries: • Seafood • Hospitality • Tourism and accommodation • Arts and entertainment • Retail • Fitness Small Business Emergency Support Grant

Eligibility To qualify for the immediate $2 500 Small Business Emergency Support Grant, your business must: • Operate in one of the identified sectors • Employ fewer than 20 full time equivalent (FTEs) employees (casual or part-time) or » be a sole trader » self employed » owner operator. • Have been operating their business (not a hobby or charity) on or before 31 January 2020 • Be registered for tax purposes in Australia with an Australian Business Number (ABN). Applications are not eligible from: • Wholly owned subsidiaries of large businesses (20+ employees) • A non-employing business from which the owner derives less than 50 per cent of their income • Businesses that operate primarily in industries outside of those listed as eligible above. Contact and assistance For advice on eligibility or for assistance with your application please call Business Tasmania on 1800 440 026 or email ask@business.tas.gov.au

To assistant affected small businesses in identified industries, grant payments of $2 500 are now immediately available. To apply go to www.business.tas.gov.au and complete the online application form. To apply you will need to supply information to confirm your eligibility. Small Business Hardship Grant To assist the longer-term impact on Tasmanian small businesses, $15 000 grants will be made available for small businesses in the above sectors that are experiencing severe financial hardship. Applications for the Small Business Hardship Grant will open shortly through www.business.tas.gov.au Businesses should first apply for the Small Business Emergency Support Grant, however a successful application does not mean automatic entry or approval for a Small Business Hardship Grant.

For more information visit www.business.tas.gov.au

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