Business update: Jobs Rescue and Recovery plan
The Northern Territory Government is delivering a $65 million Jobs Rescue and Recovery plan to help stimulate the economy and keep Territorians in jobs.
This package is the second phase of the response to the significant economic impact of coronavirus (COVID-19), and is complementary to initiatives offered by the Australian Government to all jurisdictions.
Jobs Rescue and Recovery plan
Home Improvement Scheme - $30 million
The scheme will help fast track around 5,000 screwdriver-ready projects in Territory homes. This means that projects are physical improvements to land and / or buildings, and repairs and maintenance services.
Registrations for businesses to provide services open 30 March 2020. Applications for homeowners open 6 April 2020.
Find out more about the Home Improvement Scheme on the Business Recovery website.
Business Improvement Grants - $20 million
All Territory businesses will be able to access a $10,000 grant, followed by an additional $10,000 grant if they contribute $10,000 of their own.
Registrations for businesses to provide services open 30 March 2020. Businesses can apply for a grant from 13 April 2020.
Find out more about the Business Improvement Grants on the Business Recovery website.
Immediate Work Grant - $5 million
Grants of up to $100,000 will be given to not-for-profit and community organisations to engage local businesses to do repairs, renovations and upgrades to their property and facilities.
Registrations for businesses to provide services open 30 March 2020. Grant applications open 20 April 2020.
Find out more about the Immediate Work Grants on the Business Recovery website.
Structural Adjustment Package - $5 million
This program will provide direct support for cafes, restaurants and other venues who serve the public.
The program will help businesses to install partitioning to meet the new requirements for gatherings of less than 100 people indoors, and to help develop online ways of doing business.
Supporting our local tourism, hospitality and retail operators by encouraging Territorians to get out and explore their own backyard, with a dedicated intra-Territory campaign rolled out via local media channels.
Boosted investment into marketing to encourage drive tourism as an opportunity to help disperse visitors through the Territory over the coming months. Motivating Australian’s to take a self-drive trip is a great way to experience our destination.
Handbrake on government fees and charges
All regular increases to government fees and charges, including regulated electricity costs, will be put on hold. This means that fees and charges which are normally increased annually or regularly will be set at their current rates.
Payroll tax concession
Eligible businesses who employs a Territorian in the next 12 months won’t be liable for payroll tax on those wages for a two year period.
A fast-tracked infrastructure program is being delivered and further opportunities to bring projects forward are also being explored.
Government procurement and grants
All agencies have been directed to be responsive and flexible to requests including the fast tracking of procurement decisions wherever possible.
Organisations that receive government grants will be offered flexibility in the delivery of agreed key performance indicators where the ability to meet these is impacted coronavirus (COVID-19).
Additionally, organisations that have received grants or sponsorships from the NT Government for events which have been cancelled or postponed will not be asked to repay the funding if it has already been committed.
Supporting casual workers
The NT Government recognises some great Territorian community led initiatives to connect casual workers to other short term job vacancies and will work to support any gaps in the market.
Direct support for business
Free and practical business advice for businesses available through the Business Enterprise Centre on 1800 229 500.
For further information go the the Business Recovery website, the Northern Territory Government website, or contact the Department of Trade, Business and Innovation by phone 1800 193 111 or email@example.com.