NSW Government Announces $2.3 Billion Health Boost and Economic Stimulus




As you may be aware, the NSW Government today a major $2.3 billion health boost and economic stimulus package to protect the community and help protect jobs in response to the current Coronavirus situation.

This package has two key components: $1.6 billion in tax cuts to support jobs and $700 million in extra health funding.

Please find the following summary of the economic stimulus package, in particular for small to medium businesses:

Business Support and Jobs

  • $450 million for the waiver of payroll tax for businesses with payrolls of up to $10 million for three months (the rest of 2019-20). This means these businesses will save a quarter of their annual payroll tax bill in 2019-20.
  • $56 million to bring forward the next round of payroll tax cuts by raising the threshold limit to $1 million in 2020-21
  • $80 million to waive a range of fees and charges for small businesses including bars, cafes, restaurants and tradies
  • $250 million to employ additional cleaners of public infrastructure such as transport assets, schools and other public buildings
  • More than $250 million to bring forward maintenance on public assets including social housing and crown land fencing
  • $500 million to bring forward capital works and maintenance.

For your additional information, there is the following extra health funding announced:

Health Boost

  • $700 million extra funding for NSW Health. This will assist in doubling ICU capacity, preparing for additional COVID-19 testing, purchasing additional ventilators and medical equipment, establishing acute respiratory clinics and bringing forward elective surgeries to private hospitals.

For more information, MTA NSW recommends you visit the NSW Government website: 

$2.3 billion health boost and economic stimulus                                                 

MTA NSW is able to assist our Members with support by contacting your local Area Manager or Divisional Manager on P: 1300 682 679 or E: [email protected]



< Back

AHVRA

The Australian Heavy Vehicle Repairers Association (AHVRA) represents the heavy vehicle accident repair industry at a national level.

More...

ERIS

Created by MTA NSW, the Employment Relations Information System (ERIS) is a web based interactive employment relations system.

More...

MTC

Motor Trades Cares (MTC) provides access to free industry WHS and worker’s insurance information and topical publications, webinars, management system resources, including policies, procedures and supporting checklist and forms.

More...

Green Stamp

Green Stamp is an environmental program that aims to help businesses achieve environmental compliance.

More...

MTA Training

MTA Training delivers innovative and flexible, industry focused training and prides itself on producing quality outcomes.

More...

SSA

The Service Station Association (SSA) is a division of MTA NSW representing businesses within the petroleum industry.

More...
Spirit Super Capricorn Society Heart180 Commonwealth Bank Officeworks Marsh Alemlube

Get in touch with us today! Call us on 02 9016 9000