Presidents Update forJuly 2021

Presidents Report - July 2021

The businesses represented by the Southport Chamber are grateful for the $600 million business and tourism support package announced by the Federal Treasurer which includes support for tourism businesses further to the existing State Government grants package.

This is a summary of the package.

“The Commonwealth and Queensland Governments have reached a 50/50 funding agreement that will see the value of the Queensland COVID‑19 Business Support Grants rise from $260 million to $600 million.

As part of the package additional support for businesses that have had a decline in turnover of more than 30 per cent will include:

• A $1,000 one-off grant to non-employing sole traders across Queensland that have had a decline in turnover of more than 30 per cent.
• Payroll-based support for all businesses across Queensland, that have had a decline in turnover of more than 30 per cent.
  • A $5,000 one-off, top-up grant to small business with payroll of less than $1.3 million
  • A $10,000 one-off, top-up grant to medium sized business with payroll between $1.3 million and $10 million
  • A $25,000 one-off, top-up grant to large sized tourism and hospitality focused businesses only with payroll of greater than $10 million.”

The Southport Chamber urges you to take up this opportunity to support your business and keep our local economy going.

Ian Kennedy
President – Southport Chamber of Commerce