The Morrison Government continues to provide unprecedented support to individuals, families and businesses on the South Coast throughout the Coronavirus pandemic.
Around 17,100 businesses in Gilmore will receive a temporary tax incentive to write off the full value of any eligible asset they purchase.
This action will support new investment, increase business cash flow and build on the Government’s successful Instant Asset Write Off measure announced earlier last year according to New South Wales Senator Jim Molan.
The Government’s JobKeeper payment has helped 5,600 Gilmore businesses stay afloat, supporting them through the pandemic and keeping them connected to their employees.
Senator Molan said, “For thousands of businesses, maintaining the employer and employee connection throughout this pandemic was only possible as a result of the Morrison Government’s JobKeeper payment.”
The Cashflow boost has also provided significant assistance to around 5,000 small and medium businesses providing payments to help businesses in Gilmore to stay afloat.
Around 9,327 individuals in Gilmore have received the Coronavirus Supplement, on top of the JobSeeker Payment. The Coronavirus Supplement was initially introduced for six months, but the Morrison Government has extended it to 31 March and will help keep Australians job ready on the other side of the pandemic.
Senator Molan said: “This additional support for Australians, who were without work, will help our community to not only get through this crisis, but recover on the other side.”
Around 28,250 age pensioners in Gilmore received two $750 economic support payments in April and July of 2020. Pensioners received another $250 payment in December to help with additional costs in the lead up to Christmas and the New Year, and will receive another $250 in March.
The Morrison Government appreciates the important contribution older Australians have made to Australia and will continue to support them in their retirement.
“These support payments are another example of how the Morrison Government is protecting older Australians living on the South Coast,” Senator Molan said.
“The support provided by the Morrison Government through the Coronavirus Pandemic has reached all sectors of the South Coast community and we will continue to work with the community, industry and local and State governments as the situation develops and needs evolve.”