The Marshall Liberal Government has announced details of its second economic stimulus package – which includes significant payroll and land tax relief for thousands of businesses across the state as well as the waiving of liquor licence fees for hard-hit hotels, restaurants, cafes and clubs – as part of its strong plan to save local jobs and industry in the wake of the coronavirus crisis.
The emergency $650m Jobs Rescue Package – which brings the state’s total economic response to $1 billion – also includes the establishment of two new funds (the $300m Business and Jobs Support Fund and the $250m Community and Jobs Support Fund).
The Business and Jobs Support Fund will be used to directly assist individual businesses and industry sectors facing potential collapse and the loss of thousands of jobs due to the ongoing impacts of coronavirus and necessary new restrictions to limit its spread.
Community organisations, such as sporting, arts and recreational bodies, non-profit organisations and some other industry sectors will be assisted through the new Community and Jobs Support Fund. This fund will also help with training of South Australians seeking new skills and employment and to assist organisations meet increased demand for services including emergency relief.
The Government will also provide a once off boost of $500 and bring forward the 2020-21 ‘Cost of Living Concession’ for households who are receiving the Centrelink JobSeeker Payment, assisting those who are unemployed or lose their jobs as a result of the coronavirus restrictions. For eligible homeowners, their 2020-21 payment of $215.10 will now become $715.10. Eligible tenants will receive $607.60.
Premier Steven Marshall said the unprecedented package showed the Government’s strong commitment to securing South Australian jobs and supporting businesses and industry through the ‘greatest national emergency of our generation’.
“We know South Australians are hurting,” said Premier Marshall.
“In the space of a few weeks, in some cases overnight, once thriving local businesses and their staff are now facing uncertain futures through no fault of their own and my Government is stepping up to make sure we see them through this period.
“Our Jobs Rescue Package is aimed squarely at keeping as many hardworking South Australians in jobs as possible. For those who have been already let go, we want to see them become re-skilled and employed elsewhere.
“And by either waiving or deferring fees, charges and taxes, we are easing the cash flow burden on businesses at a time when they need it most.
Among the new initiatives in the Government’s second stimulus package:
Payroll tax relief (Up to $60 million of savings to business)
Land tax relief (Up to $13 million in additional savings)
Fees and Charges
$300 million Business and Jobs Support Fund
$250 million Community and Jobs Fund
Cost of Living Concessions (An estimated additional benefit of about $30 million)
Access to accrued leave for public sector workforce
For more information, and how to apply to the Funds, please email: