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6 April 2020:

NSW Members

Amendments have been made to two pieces of NSW legislation to assist businesses in New South Wales dealing with COVID-19.

Long Service Leave Act 1955 (NSW)

The Long Service Leave Act has been amended to allow an employer to give a worker with a long service leave entitlement:

  • a period of long service leave that is less than one month if the worker agrees to the lesser period of leave;
  • less than one month’s notice if the worker agrees to that lesser period of notice.

These amendments apply for the next 6 months, and may be extended for a further 6 months if necessary.

Find out more >

Payroll Tax Act 1997 (NSW)

The Payroll Tax Act has been amended to provide that an employer who is liable to pay payroll tax on wages paid or payable for the financial year commencing on 1 July 2019 is only required to pay 75% of the tax if the wages paid or payable by the employer are $10 million or less.

Find out more >
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3 April 2020:
$10,000 grants for small business

Thousands of small businesses across NSW struggling to cope with the COVID-19 shutdown will receive grants of up to $10,000 under a new assistance scheme announced by Premier Gladys Berejiklian, Treasurer Dominic Perrottet and Minister for Finance and Small Business Damien Tudehope.

The NSW Government will put $750 million into the Small Business Support Fund as the centrepiece of a third wave of support measures to keep small businesses afloat.

Find out more >

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2 April 2020:

Economic Survival Package - ACT Government 

The ACT Government is delivering an economic survival package to support the ACT community through the public health emergency caused by the COVID-19 pandemic.

These measures will help small business, protect as many jobs as possible, support Canberra households and support the most vulnerable.

The government will provide all appropriate resources to support ACT public health services to continue providing essential health services to the community and to respond to the additional demands of the COVID-19 pandemic.   

Find out more >

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Australian Government Treasury fact sheets
31 March 2020:

Information on how the Australian Government's economic response could support you can be found in the Treasury's fact sheets. Read now >

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Economic Stimulus package
30 March 2020:

A new wage subsidy package is available from the Federal Government to help businesses deal with the impact of COVID-19. The new wage subsidy system supports businesses to keep employees in their job. Registration requires the employer’s Australian Business Number (ABN). It is available to full and part-time workers, sole traders, and casuals who have been with their employer for 12 months or more. Employers and sole traders will be able to apply to the Australian Tax Office. The payments will flow from the first week of May and be backdated. If employees have been stood down by their employer since March 1, they are still eligible for payments. To be eligible, their payments will need to have fallen by 30 per cent or more. Register for support here > 

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27 March 2020: 

The NSW Government has released the second stage of its economic package aimed at keeping people in jobs and helping businesses stay afloat during the ongoing COVID-19 pandemic. This includes the creation of a $1bn Working for NSW fund to sustain business, create new jobs and retrain employees. The package complements the existing package developed by the Commonwealth and the NSW Government. Read now > 

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26 March 2020: 

Economic Stimulus Package: Article from NSW Dentist 2020 Read now >
Instant Asset Write off: Article from NSW Dentist 2020 Read now >

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25 March 2020:
Economic stimulus advice



A new Nexia COBIZ-19 Podcast is designed to answer all the questions you have about running your business during COVID-19. Watch podcast now >

Submit podcast questions:

If you have a question you would like answered in a future podcast, you can submit questions here.

During this trying time, ADA NSW encourages you to reach out to your regular financial advisory networks. A free 30 minute consult is also available with Nexia for all members, answering specific questions you may have about accessing financial support. Call 02 9251 4600 to speak with our advisors. 

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23 March 2020:
Financial support for dental practices


The Federal government's latest assistance package provides regulatory protection and financial support for businesses and includes help for ADA NSW members to keep operating, pay their rent and bills as well as retain their staff. Read now >
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20 March 2020:
ACT Government Initial Economic Survival Package
The ACT Government is delivering a $137 million economic survival package to support the ACT community through the public health emergency caused by the COVID-19 pandemic. See what support may be available for you on the ACT COVID-19 economic survival package. Read now >

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