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.