Council understands that the amount of business support information and resources made available during the COVID-19 crisis can be overwhelming, and at times it may be difficult to work out where to begin. This webpage has been compiled specifically for Coonamble Shire’s local businesses, to support businesses by consolidating the information into one place. If you require further information or have queries related to the content provided on this page, please don’t hesitate to contact Council’s Economic Development Officer, Pip Goldsmith at email@example.com or 0447 030 850.
A good starting point would be to consult one or more of the following organisations, many of which offer a person-to-person service to discuss specific support and assistance available to your business and employees.
- Your accountant. They should be able to provided tailored advice regarding support and assistance available to your individual business. Several of the assistance schemes are administered via the Australian Tax Office and as such a discussion with your accountant may be advantageous.
- Coonamble's Rural Financial Councillor, Allison Davis is available to help small business owners in the Coonamble Shire who are experiencing financial challenges as a result of the COVID-19 crisis. Please contact Allison on 1800 940 404 or firstname.lastname@example.org
- The NSW Government has a Business Concierge service available and you can request a call from a Business Concierge to guide you through changes to regulations, and assistance available to small businesses. Phone 13 77 88 Monday to Friday 7am to 7pm or complete this online form
- The Federal Government’s stimulus package for businesses is outlined here and further information is provided below. You can also make contact by phoning 13 28 46.
- Business Connect is a free dedicated and personalised NSW Government program that provides trusted advice to businesses. If your business has been affected by COVID-19, you can access free business advice via a business advisor and webinars including:
- developing a customised recovery strategy.
- managing your cashflow.
- accessing finance including grants and loans.
- marketing your business to reach new customers.
- connecting to other government support and local professional services.
Below is a list of business specific assistance available via the Federal Government and more information can be found here.
- The JobKeeper Payment is a scheme to support businesses significantly affected by the coronavirus to help keep more Australians in jobs. The JobKeeper Payment is administered by the Australian Taxation Office (ATO). The JobKeeper payment is open to eligible employers to enable them to pay their eligible employees’ salary or wages of at least $1,500 (before tax) per fortnight. Eligible employers will be reimbursed a fixed amount of $1,500 per fortnight for each eligible employee. You must enrol by 31 May 2020 to be eligible for the initial Jobkeeper periods.
- There is also the Boosting cash flow for employers measure which will be done through two sets of cash flow boosts delivered from 28 April 2020 to support employers to retain employees. Through the Australian Taxation Office (ATO), the Government will provide tax-free cash flow boosts of between $20,000 and $100,000 to eligible businesses, delivered through credits in the activity statement system, when eligible businesses lodge their activity statements.
- Assistance to help pay the wages of apprentices or trainees. Eligible employers can apply for a wage subsidy of 50 per cent of the apprentice’s or trainee’s wage paid during the 9 months from 1 January 2020 to 30 September 2020. Employers will be reimbursed up to a maximum of $21,000 per eligible apprentice or trainee ($7,000 per quarter)
- Relief for commercial tenants. The Government has announced a range of measures to help renters. This includes a temporary hold on evictions and a mandatory code of conduct for commercial tenancies to support small and medium sized enterprises (SMEs) affected by the COVID-19 crisis.
- The Coronavirus SME Guarantee Scheme will provide support for these businesses through the flow of credit. Under the Scheme, the Government will provide a guarantee of 50 per cent to small and medium enterprise (SME) lenders for new unsecured loans to be used for working capital. This will enhance these lenders’ willingness and ability to provide credit, which will result in SMEs being able to access additional funding to help support them through the upcoming months.
- Temporary relief for financially distressed businesses. There is a temporary increase to the threshold at which creditors can issue a statutory demand on a company and the time companies have to respond to statutory demands they receive.
- Increasing the Instant Assest Write-off. The higher Instant Asset Write-Off (IAWO) threshold provides cash flow benefits for businesses that will be able to immediately deduct purchases of eligible assets each costing less than $150,000. The threshold applies on a per asset basis, so eligible businesses can immediately write‑off multiple assets.
- Early access to superannuation for sole traders is available if your business is suspended or there was a reduction in your turnover of 20% of more.
Below is a list of business specific assistance available via the NSW Government;
- Small business COVID-19 support grant. If your small business or non-profit organisation has experienced a significant decline in revenue as a result of COVID-19, you may be eligible for the small business support grant of up to $10,000.
- Payroll tax relief measures.
- Deferral of gaming tax for clubs, pubs and hotels, and lotteries tax for 6 months, conditional on these funds being used to retain staff. This improves liquidity and helps these businesses stay afloat.
- Additionally, there are deferrals and waivers available on;
- commercial rent on government owned properties
- licence, registration and permit fee waivers
Coonamble is the centre of a productive agricultural region, based on sustainable dry land livestock grazing and cropping industries
supported by modern management practices. A robust business sector offers a range of investment and employment opportunities.
Coonamble Shire Council is committed to supporting new and existing enterprises towards a strong and diversified local economy.
Council staff work proactively and collaboratively with both business and government to advance the district.
For further information and assistance in relation to business and investment please contact Economic Development Officer,
Pip Goldsmith on 0447 030 850.
To view Council's Economic Development Strategy, click here
For economic insights into the Coonamble Shire, click here
For demographic insights into the Coonamble Shire, click here