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BILLIONS IN TAX RELIEF FOR BUSINESS, $1 BILLION FUND FOR JOBS, AND HELP FOR THE VULNERABLE

Published: (Updated: ) in Australian News by .

The NSW Government today released the second stage of its economic package aimed at keeping people in jobs, helping businesses and supporting our most vulnerable in the face of the COVID-19 pandemic. Key elements of the NSW COVID-19 stage two package include: Keeping people in jobs and helping businesses stay afloat The creation of a … Continue reading “BILLIONS IN TAX RELIEF FOR BUSINESS, $1 BILLION FUND FOR JOBS, AND HELP FOR THE VULNERABLE”

The NSW Government today released the second stage of its economic package aimed at keeping people in jobs, helping businesses and supporting our most vulnerable in the face of the COVID-19 pandemic.

Key elements of the NSW COVID-19 stage two package include:

Keeping people in jobs and helping businesses stay afloat

Helping our most vulnerable

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Deputy Premier John Barilaro said the NSW Government’s package will support employment, provide relief for business and protect those most in need.

‘‘These are unprecedented times and if we are to emerge in the best shape possible we need to ensure businesses keep their heads above water and keep employees on the books,” Mr Barilaro said.

“Now is the time for all of us to work together, support each-other, show compassion and lend a hand wherever we can to those hurting.

“We will do whatever it takes to help businesses stay afloat so that they can hold onto as many jobs as possible as we get through this crisis. We will also be there to support those most vulnerable to ensure no one is left behind.”

NSW last week announced a $2.3 billion funding package which included a $700 million to boost health and $1.6 billion for tax cuts and job creation.

NSW Treasurer Dominic Perrottet said the new measures were timely, targeted and temporary and had been “designed for maximum impact and immediate effect”.

“The NSW Government is leading from the front with a package which complements the stimulus measures delivered by the Commonwealth and RBA,” Mr Perrottet said.

“When you combine this announcement with last week’s stimulus package the NSW Government is ensuring billions are available to help business, support jobs, boost our health system and protect the vulnerable.

“Our expectation is that any relief provided by the NSW Government will be used to contribute to help businesses stay in business and people stay in jobs. It’s vital we keep people employed and ensure we have the ability to rebound when things improve.”

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Source: 16 News http://www.16news.com.au/index.php/2020/03/28/billions-in-tax-relief-for-business-1-billion-fund-for-jobs-and-help-for-the-vulnerable/

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Finance Advice 2021