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