Covid- 19 Information- Business Support

NT Farmers is committed to representing and supporting established and emerging agribusiness in the Territory through these challenging times.

Government Assistance Programs

50% subsidy on apprentice wages, up to $21,000 through the Australian Government Support. Registration open early April. Claims must be lodged by 31 Dec 2020.

Northern Territory Government – $10,000 grant or matched over $10,000 to $10,000. Opens 13 April 2020

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Businesses claim a fortnightly payment of $1,500 per eligible. Open – maximum six months

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The Government has lifted the $30,000 threshold to $150,000 for assets that are either installed or ready for first use by 30 June 2020.

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Small business can claim back100% of tax withheld to a maximum of$50,000.Up to $50,000 with minimum of $10,000 for period between 1 January 2020 and 30 June 2020.Further $50,000 with minimum of $10,000 for period 30 June 2020 -September2020.automatic credit in the activity statement system from 28 April 2020 upon employers lodging eligible upcoming activity statements

the Government will provide a guarantee of 50 per cent to small and medium enterprise (SME) lenders for new unsecured loans to be used for working capital.early April 2020till 30 September 2020

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Specialised Business Support

NT Farmers have partnered with Rural Financial Counselling Service who provide free, independent, confidential and professional services to primary industries. Contact them for assistance. The program is free, independent and confidential program for eligible businesses.

The NT contact for Rural Business Support is Peter Cottle [email protected]

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