Prime Minister Scott Morrison says the federal government’s tax-free cashflow payments have assisted employers to remain in business during the coronavirus pandemic.
New figures show that 343,211 small businesses and non-profit organisations had collectively received $6.09 billion worth of cashflow payments by 28 April. Eligible businesses are entitled to receive payments of between $20,000 and $100,000, with the average amount received to date at just $17,700 per business. From The Australian:
New government data shows as of April 28, just under half of the estimated 720,000 eligible businesses and not-for-profits, employing around 7.8m people, had lodged their Business Activity Statement with $6.09bn credited to their accounts. The amounts show an average of $17,700 per business.
