Moreton Bay Region has welcomed the joint announcement by the State and Federal Government to release further financial support for Queensland businesses, including support for non-employing sole traders. This funding is in addition to the previously announced Tourism and hospitality sector COVID-19 lockdown support package.
The Commonwealth and Queensland Governments have reached a 50/50 funding agreement that will see the value of the Queensland COVID-19 Business Support Grants rise from $260 million to $600 million.
As part of the package additional support for businesses that have had a decline in turnover of more than 30 per cent will include:
Hospitality or tourism business may be eligible for rebate, fee and payroll tax relief measures under the $47.75 million tourism and hospitality sector COVID-19 lockdown support package. This relief will provide immediate support for businesses impacted by the recent COVID-19 lockdowns in South East Queensland or Cairns.