Businesses damaged by bushfires will be eligible for additional grants of up to $50,000 in the latest pledge from the Morrison government’s $2bn disaster relief package.
Businesses will also be able to access concessional loans of up to $500,000 if they have suffered significant loss of revenue or asset loss, opening the door to those indirectly affected by a business downturn rather than fire damage.
The announcement on Monday responds to small business demands to boost cashflow after fires on the New South Wales south coast, in Victoria’s East Gippsland and on South Australia’s Kangaroo Island drove away tourists.
Read more: https://www.theguardian.com/australia-news/2020/jan/20/bushfire-crisis-expected-to-further-sap-confidence-in-the-australian-economy
