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

Understanding Pallets: Sizes, Weights, and Capacity

Key Takeaways Pallets might not be flashy, but they’re the backbone of freight and logistics. Whether you’re sending one item or a full truckload, chances are a pallet is doing the heavy lifting behind the scenes. But here’s the thing – not all pallets are the same. Pallet size, weight, and capacity can seriously impact how efficiently your goods are moved and how much it’s all going to cost. That’s why getting familiar with pallet dimensions isn’t just for warehouse professionals – it’s something every business (big or small) should know. A poor fit can mean wasted space, damaged goods, […]

New Transport Carbon Reporting Requirements in 2025

Key Takeaways From January 2025, Australia will introduce mandatory climate reporting laws – a major shift aligning business operations with national climate goals and international frameworks like the Corporate Sustainability Reporting Directive. It’s part of a growing global push for accountability as governments and industries set clearer expectations on how companies disclose their greenhouse gas emissions. For the transport and logistics sector, the impact is especially significant. With transport emissions making up a large portion of Australia’s carbon footprint, freight businesses will soon be required to track, measure and report their emissions across the supply chain – from fuel use […]

New Navigation Menu Video Tutorial for Providers

New Menu, Better Tools: See How It Works!