Coronavirus SA Stimulus Package 2020

Camphin Boston | March 2020

On 11 March 2020, the South Australia government announced an economic stimulus package worth $350 million to safeguard and grow SA economy and jobs in the wake of ongoing impact of bushfires, drought and coronavirus. The measures include:

BUSINESS SUPPORT GOVERNMENT FUNDING / TAX CUTS
Major infrastructure maintenance projects including roads and hospital upgrades.  
New tourism infrastructure.  
An expanded economic and business growth fund to support local industries.  

The projects to be funded must meet certain criteria such as the ability to start works within a short period of time, being labour-intensive and/or requiring significant purchase of local materials, services and supplies.

If you have any questions, please do not hesitate to contact one of our partners (Mark, Greg and Justin) or our tax director (Melanie).

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