Grants and support
Economic Sentiment Survey1

CPA Australia is conducting a survey of accountants in response to the National COVID-19 Response Plan, assessing the economic and business sentiment of accountants. Almost half are worried about the state of the Australian economy. This is especially the case in areas affected by lockdowns. However, CPA Australia’s CEO Andrew Hunter states that they expect a positive uptick through the plan, but if not so then extra government assistance may be required.

Confidence in business performance is higher, but many accountants report that clients are experiencing financial stress. There has been a surge in inquiries made to accountants during the lockdown period.

Uncertainty and a lack of awareness about the National COVID-19 Response Plan are two major areas of concern in the sector. CPA Australia has made a number of recommendations enclosed in the link.

Financial Support for Eligible Businesses2

COVID-19 Disaster Payments are available, as well as bank support for Australian customers. There is also Job Saver, business grants, payroll tax concessions and land tax relief available in NSW. Similar payments are available in other states.


1
CPA Australia - Media Release
2 CPA Australia - Grants and Business Support

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