Stimulus 1 and Stimulus 2

Stimulus 2 has just been announced and contains multiple components. Stimulus 2 modifies Stimulus 1.

Several fact sheets are available from various government sites that help explain the package’s different components. Boosting Cash Flow for Employers is a new component.

Boosting Cash Flow for Employers

Entitlement to this component is limited to businesses that pay employees. The employer must be registered for PAYG Withholding. Its purpose is to assist businesses that employ workers with cash flow and retention of employees.

The links below will help employers work out their entitlements and which ones to choose.:

• Stimulus Decision Tree –  If you start reading through all the Stimulus 1 and 2 material, you can quickly become overwhelmed. This decision tree is a good tool to assess entitlements and identify where to start your inquiry quickly.
• Cash Flow Assistance For Businesses – Fact Sheet. Explanation of the package and some examples of employers and their entitlements.

Registered Charities Also Entitled to Stimulus

Churches registered with the Australian Charities and Not-for-profits Commission (ACNC) are entitled to Stimulus 1 and 2.