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Government finds another $4b for 'biggest single relief package'

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A further $4 billion in business and household support has been outlined by the Palaszczuk Government in an effort to cushion Queensland from the economic downturn.

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Following criticism from business groups that it was slow to act, the government has today played catchup to other states, with a package Premier Annastacia Palaszczuk described as “the biggest single relief package assembled by any state or territory”.

“Our $300 million household relief package will give Queensland households $200 off their utility bills, building on the $50 asset dividend we have already announced,” Palaszczuk said.

Deputy Premier and Treasurer Jackie Trad said $2.5 billion in relief would be offered to businesses struggling with the economic downturn and pandemic restrictions.

“I’ve been engaging with Queensland industry and business and we’ve taken on board what they’ve said,” Trad said.

“For small and medium businesses and large businesses specifically impacted by COVID-19, we will refund two months’ worth of payroll tax.

“Additionally, we’re giving small and medium businesses a three-month payroll tax holiday, and a further six-month payroll tax deferral for any of these Queensland businesses.

“Combined with the payroll tax deferrals we’ve already announced, it means no Queensland business impacted by COVID-19 will need to make a payroll tax payment this year.

“That $2.5 billion includes a package of up to $500 million to assist workers who lose their job or income and to help them find jobs in the industries that are vital to getting us through this crisis – health care, agriculture, food production, transport, cleaning and mining.

“We’re waiving liquor licencing fees for venues that have had to close their doors, providing rent relief for businesses who rent premises from the state government and giving sole traders, small and medium businesses a $500 rebate on their power bill for this year.”

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