QLD Government response to COVID-19 economic relief package

Yesterday, 24 March 2020 the Queensland Government announced their economic relief package for COVID-19. 

Payroll Tax Relief

In addition, they will be eligible to defer all payroll tax payments for the rest of 2020.

All this means no Queensland business impacted by COVID-19 will have to make a payroll tax payment this year. For more information, visit the Business Queensland website.

$2.5 billion for workers and industry 

The worker and industry support package includes:

Industry Support Package 

The Industry Support Package will assist large businesses through this period to ensure they will be able to scale up and service the community when economic activity improves. For further detail on the Industry Support Package email COVID19ISP@treasury.qld.gov.au

Other support for business

$300 million for households

There will be a $200 rebate for all 2.1 million Queensland households (including the $50 Asset Ownership Divided already announced) to offset the cost of water and electricity bills. This will be automatically applied through household electricity bills. 

$1.2 billion for health

This funding boost will increase the capacity of Queensland's health system to confront COVID-19. This includes expansions of:

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