Latest support information for clubs

by Aaron Delaporte

This resource provides a summary of the support that will be accessible to the bowls community over the coming months via various government agencies.

The information provided may not be exhaustive but is current as of the date of publication. (Version 2: March 28, 2020)

FOR CLUBS & ASSOCIATIONS – NATIONALLY

  • Cash for clubs who employ staff
    • Eligibility:
      • employ staff and withhold tax on wages;
      • businesses with a turnover of less than $50M – includes Not-For-Profits;
      • active employers prior to March 12.
    • Businesses can receive two payments of a minimum of $10,000 and a maximum of $50,000 from April 28.
    • More details can be found at: https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Cash_flow_assistance_for_businesses_0.pdf
    • Included in the above fact sheet are details about how apprentices (such as apprentice greenkeepers) can get a 50% wage subsidy for nine months, up to $21,000 in total.
  • Loan guarantee scheme & relaxation of lending
    • Eligibility:
      • businesses with a turnover of less than $50M – includes Not-For-Profits.
      • The Government will provide a guarantee of 50% for new unsecured loans to be used for working capital.
      • Loans of up to $250,000 for up to three years, with a pause on repayments for six months – to commence by early April.
      • More details can be found at: https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Supporting_the_flow_of_credit_1.pdf
      • The Government is also providing an exemption from responsible lending obligations for lenders providing credit to existing small business customers. This exemption is for six months, and applies to any credit for business purposes, including new credit, credit limit increases and credit variations and restructures.
    • (2) Where Clubs/Associations are incorporated as Associations, the rules with respect to AGMs are determined by the relevant state/territory trading or consumer affairs department:
      • WA – Department of Mines, Industry Regulation and Safety – Associations can apply for an extension of time if it cannot hold its AGM within six months after the end of its financial year, but only if the request is made before that period expires. An application for an extension of time to hold the AGM can be lodged using the following link: https://associations.commerce.wa.gov.au/associations/public/publicHomePage.jspx

EMPLOYEES & PARTICIPANTS – NATIONALLY

  • Payments to support households
    • The Government is providing up to two separate $750 payments to social security, veteran, other income support recipients (including those who receive Family Tax Benefits) and eligible concession card holders. The first payment will be made from March 31, 2020 and the second payment will be made from July 13, 2020. Around half of those that benefit are pensioners.
    • More details can be found at: https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Payments_to_support_households.pdf
  • Income support for individuals
    • For new and existing recipients of JobSeeker Payments (which replaced Newstart Allowance and a number of other payments from 20 March 2020), Parenting Payment, Youth Allowance for jobseekers, Youth Allowance for students, Austudy, Abstudy, Farm Household Allowance, and Special Benefit. The supplement will be paid for six months and almost doubles the maximum payment rate for a JobSeeker Payment recipient.
    • A $550 per fortnight payment to commence on April 27, 2020 and continue for six months.
    • More details can be found at: https://treasury.gov.au/sites/default/files/2020-03/Fact_sheet-Income_Support_for_Individuals.pdf
  • Early access to superannuation
    • Eligibility – if after January 1, 2020:
      •  you were made redundant; or
      • your working hours were reduced by 20 per cent or more; or
      • if you are a sole trader — your business was suspended or there was a reduction in your turnover of 20 per cent or more.
    • Eligible individuals will be able to apply to access up to $10,000 of their superannuation before July 1, 2020. They will also be able to access up to a further $10,000 from July 2, 2020 for approximately three months o More details can be found at: https://www.ato.gov.au/Individuals/Super/Withdrawing-and-using-your- super/Early-access-to-your-super/#Compassionategrounds
  • Temporarily reducing minimum superannuation drawdowns and social security deeming rates
  • Bank home loan repayment pauses
    • Commonwealth Bank and ANZ customers struggling with the virus’s impact will be able to defer their home loan repayments for six months with interest capitalised.
    • NAB clients can also defer repayments for up to six months if you’re an owner-occupier, investor or on a principal and interest or interest only repayment schedule.
    • Westpac customers will have the option to defer for three months, with a possible three month extension, for those whose job or income has been affected.

FOR CLUBS & ASSOCIATIONS – WESTERN AUSTRALIA

  • Payroll tax waived
    • Businesses with a payroll of between $1M and $4M will receive a one-off grant of $17,500. Eligible businesses will be able to apply to defer their 2019-2020 payroll tax payment.
    • $200 rebate for all 2.1M Queensland households (including the $50 Asset Ownership Dividend already announced) to offset the cost of water and electricity bills – to be automatically applied through household electricity bills.
    • The payroll tax threshold will be increased to $1M from July 1, 2020, six months earlier than planned.

FOR EMPLOYEES & PARTICIPANTS – WESTERN AUSTRALIA

  • Household fees and charges
    • All increases, fees and charges will be frozen until at least July 2021. This includes utilities, public transport fares, motor vehicle charges.
  • Power costs
    • The Energy Assistance Package (EAP) in 2020-21 will be doubled to provide additional support to vulnerable Western Australians. The payment will increase from $300 to $600 for eligible concession card-holders.

Please note that all of the advice is current as at March 28, 2020 and economic support packages from all levels of governments are expected to be expanded over the coming weeks and months.