State economic response to COVID-19
The State Government has released initial details on their economic response to COVID-19, designed to bring relief to businesses and households and support WA's economy.
Click here to view the full Media Statement >
Key components that may assist members and their businesses include:
- $607 million stimulus package to support WA households and small businesses in the wake of COVID-19
- $402 million to freeze household fees and charges until at least July 1, 2021
- Freeze will apply to entire 'household basket', including electricity, water, motor vehicle charges, emergency services levy and public transport fares
- Energy Assistance Payment (EAP) doubled to $600 to support vulnerable Western Australians, including pensioners
- $114 million in additional measures to support small businesses
- Small businesses that pay payroll tax will receive a one-off grant of $17,500
- $1 million payroll tax threshold brought forward by six months to July 1, 2020
- Businesses impacted by COVID-19 can defer payroll tax payments until July 21, 202
Please be aware that these measures have not yet been passed as legislation and as such, we do not yet have details on how and when members can access the benefits relevant to them. As soon as more details are released, NECA will provide further information on how members can access their entitlements.