Government COVID-19 Stimulus and relief Packages

This page will be regularly updated with the latest news in relation to Federal and NSW State Government Stimulus to Businesses and Individuals as a result of the COVID-19 Pandemic.

We’re here to support you

The team at FinCare is ready to support our clients and their businesses through these tough economic times. We are reviewing the latest Government Stimulus and Relief packages as they are announced, and looking to apply them to our clients’ specific circumstances.   We are here and available to discuss ideas, solutions and government relief to soften the impact.

We have our systems and procedures already in place for our business to operate remotely as required. Reception will always be available. If you can’t reach us easily by phone please contact us by email.   The easiest and best way to send us information is electronically.  If electronic means are difficult, then by post. We will be communicating with our clients electronically, by phone, and by video conferencing.

CLICK here for common Questions and Answers from clients in relation to these packages

Please review this page weekly for updates.

If you have any questions, please contact your Client Manager or call us directly on (02) 9542 4655.

NSW State Government Stimulus Package

BUSINESS SUPPORT AND JOBS The NSW State Government announced the following stimulus packages on 17th March 2020: $450 million for the waiver of payroll tax for businesses with payrolls of up to $10 million for three months (the rest of…

Business Stimulus Package

ENHANCING THE INSTANT ASSET WRITE-OFF The government is increasing the instant asset write-off (IAWO) threshold from $30,000 to $150,000 and expanding access to include businesses with aggregated annual turnover of less than $500 million…

Income Support for Individuals

INCREASED AND ACCELERATED INCOME SUPPORT The Government is temporarily expanding eligibility to income support payments and establishing a new, time-limited Coronavirus supplement to be paid at a rate of $550 per fortnight. This supplement…

Superannuation changes

NEW SUPERANNUATION MEASURES As part of the COVID-19 Stimulus Package, the Federal Government has announced the following measures in relation to superannuation:- Sole Traders and Individual taxpayers in "Financial distress" as a result…