Whether you are an individual, self-employed or work for a small or large business directly affected by COVID-19, it is important to be aware of the Government assistance that may be available to you.
We have summarised some of the financial assistance plans that may be relevant for you.
Australia Government 'Supporting Individuals and Households’ financial assistance plan | The Australian Government has a ‘Supporting Individuals and Households’ financial assistance plan, including income support payments and payments to support households. Find out more here. |
Temporary early release of superannuation |
From mid-April 2020, eligible individuals will be able to apply online through myGov to access up to $10,000 of their superannuation before 1 July 2020. They will also be able to access up to a further $10,000 from 1 July 2020 for approximately three months. Find out more from the ATO here. |
Support available to small businesses |
The Australian Government has announced measures to support businesses impacted by the coronavirus (COVID-19). Find out more here.
In addition to the above, the Government is providing relief to lenders to assist with providing credit to small businesses for business purposes. |
Victorian Government Financial Support for individuals and businesses |
The Victorian Government has announced a range of financial support packages specifically for Victorian residents and businesses impacted by coronavirus (COVID-19) including financial, job and business support. |