RDASI Newsletter - September 2000
RDA Southern Inland Launch BusSI
RDA Southern Inland, with support from Coordinare - South Eastern NSW PHN, is excited to launch a new website for Southern Inland businesses, BusSI (Business Southern Inland). This region-centric website will provide support to time-poor businesses in the region to connect with others and access business support and information.
On the 6th October, Wendy Tuckerman MP, officially launched the website at Goulburn Connect.
The idea for this website was born following an unprecedented series of disasters that has affected businesses beyond belief. With drought, floods, bushfires and now the Covid-19 pandemic, RDA Southern Inland saw a need to develop a website that improved the dissemination and accessibility of information for businesses struggling in an uncertain economy.
BusSI includes information relating to networking opportunities, grants and funding, start-up support, events, news and lots more.
We are excited to finally launch this website which we have been working so hard on. We really believe this website can make a difference to local businesses and our local economy, by assisting them to continue to survive and grow.
Small Business Month Events
There are hundreds of events available to businesses during Small Business Month. We have collated all of the events available to businesses in the Southern Inland during October, both online and face-to-face. There are currently over 40 on BusSI for you to sift through.
Grants and Funding
There are a number of grants available to businesses, which BusSI has separated by those worth less than $10,000 and more than $10,000.
Regional Skills Relocation Grant
Amount: Up to $10,000
Close Date & Time: Always open
Agency: NSW Department of Industry
Primary Category: Relocation
Description: This grant increases the availability of skilled and experienced workers for businesses setting up in, relocating to, or existing in regional NSW in eligible industries. The funding is available to assist with the relocation costs of eligible skilled workers they employ that move from metropolitan areas.
Australian Budget 2020-21 Recap
Below are a few key topics at a glance:
Taxes
More than 11 million Australians will receive tax cuts with a permanent cut of $47 a week for high-income earners.
Middle-income earners will also receive a one-off $21 with extension of the low and middle-income tax offset into 2020-21.
From 2020-21, the upper limit of the 19% personal income tax bracket will rise to $45,000 and the 32.5% marginal tax rate upper threshold will lift from $90,000 to $120,000.
Jobs
The Morrison government will pay businesses up to $200 per week to hire young Australians as part of a $4bn budget measure that aims to reverse an increase in youth unemployment during the recession.
The new incentive will target firms that employ young workers who had previously been receiving jobseeker.
It follows Sunday’s announcement of expanded training subsidies, with the government pledging to cover half the wages of 100,000 new apprenticeships and traineeships.
Welfare
The government has announced two additional economic support payments of $250 to pensioners and other eligible recipients, worth $2.6bn.
Extension of the jobkeeper payment support for a further six months until 28 March 2021.
Extension of the coronavirus supplement until 31 December 2020 at a rate of $250 per fortnight from 25 September 2020.
The budget doesn’t provide any clarity about the future of jobseeker payment rates after Christmas.
Small business
Businesses with a turnover of less than $5bn – all but the top 1% – will be able to deduct the full cost of capital assets purchased after budget night and first used or installed by 30 June 2022.
Small and medium businesses will also be able to apply “full expensing” to second-hand assets; businesses earning $50m to $500m will be able to do so for assets of less than $150,000.
Companies with turnover up to $5bn will be able to offset losses against previous profits on which tax has been paid, to generate a refund.
Exempting from the 47% fringe benefits tax employer-provided retraining activities to employees who are redeployed to a different role in the business.
$4.5bn investment in NBN Co and $29.2m to accelerate the rollout of the 5G network.
Infrastructure
$14bn in new and accelerated infrastructure projects over the next four years in every state and territory, including Melbourne to Brisbane inland rail and Western Sydney international (Nancy-Bird Walton) airport
$3bn towards shovel-ready projects to support further job creation and economic recovery, including for small scale road safety projects.
Education
$1bn will be injected into Australia’s university research sector.
Funding for 50,000 online short courses to upskill workers and unemployed Australians in teaching, health, science, information technology and agriculture.
$299m to provide an additional 12,000 undergraduate university places in 2021.
