Home
Blog
Economic assistance information for transport businesses

Economic assistance information for transport businesses

Posted by Truckit on 24/03/2020

Here are some short points about the assistance available to trucking businesses as a result of the economic stimulus announced in response to the Coronavirus.

  • Small and medium sized trucking businesses that employ staff will be eligible for a cashflow boost of up to $100,000 with a minimum payment of $20,000. Businesses with an aggregated turnover of less than $50 million will be eligible.
  • Eligible truck owner drivers will be able to apply for an expanded JobSeeker Payment with a new coronavirus supplement.
  • Coronavirus SME Guarantee Scheme: a government guarantee for small and medium business loans.
  • Increasing the instant asset write-off threshold from $30,000 to $150,000 and expanding access to include businesses with aggregated annual turnover of less than $500 million (up from $50 million) until 30 June 2020

You can read the full list of government measures here, as well as statement from the Australian Trucking Association (ATA) in response to the economic package here.

The Author
Truckit

Related Articles

Introducing Rates Manager: Stop Quoting Manually. Start Winning More Jobs.

Introducing Rates Manager: Stop Quoting Manually. Start Winning More Jobs. Product Update · For Providers Introducing Rates Manager: Stop Quoting Manually. Start Winning More Jobs. Truckit.net May 2026 5 min read Rates Manager is live in your provider portal. Upload your pricing once and Truckit quotes on your behalf, instantly, 24/7, without you lifting a finger. Every job you have missed because you were on the road, asleep, or too busy to respond is a job that went to someone else. Not because your price was wrong. Because your price was not there when the shipper needed it. Rates Manager […]

Why B2B Businesses Lose Sales at the Freight Line

Most B2B businesses don't have a shipping problem. They have a pricing visibility problem. And it's costing them orders they never see leave. The buying process for a B2B order usually goes like this: a purchasing manager finds the product, confirms the spec, approves the quantity, and gets to checkout. Then the freight cost appears. Or doesn't. Or appears as a number that looks nothing like what was expected. At that point, the order stalls. The buyer asks someone. Someone asks someone else. By the time the real freight cost is confirmed, the urgency is gone or a competitor has […]

Important Update: Fuel Price Volatility, Quoting Guidelines, and Waiving of Price Increase Fees

Due to the ongoing volatility in fuel prices, Truckit is clarifying our stance on price adjustments. While our core policy remains that quotes should be all-inclusive, we recognise that rapid fluctuations in operating costs can occasionally necessitate a post-booking fuel levy. To be clear, the fundamental way you quote on Truckit isn’t changing: you should still aim to incorporate all anticipated fees, charges, and overheads into your initial quote. We are simply being more tolerant of price adjustments made after a booking has occurred, provided they are strictly related to fuel costs and are handled with total transparency. The most […]