Josh Frydenberg, NT government announce new $12.5m NT lockdown support package

The Federal Government and the Territory Government have announced a new package for Territory businesses impacted by Covid-19 restrictions.

• Lockdown ends for Greater Darwin, extended for Katherine after no new cases
• REVEALED: Restrictions across Greater Darwin, Palmerston

TERRITORY businesses impacted by COVID-19 restrictions will have access to a new $12.5 million assistance package.

Federal Treasurer Josh Frydenberg said the additional financial support will be available to businesses and organisations that are reliant on interstate and international visitation.

He said the Morrison and NT governments were working together to ensure Darwin and Katherine businesses are supported coming out of the most recent lockdown through a $9m Visitation Reliant Support Program for tourism and hospitality businesses.

Under the co-funded scheme, employing businesses will receive a $3,000 payment, while sole traders will receive a $1,000 payment. Eligible businesses must have an annual turnover of less than $10 million, and will need to demonstrate a 30 per cent decrease in turnover as a result of the lockdown – particularly relating to visitation.

A $1.3 million Tourism Survival Fund will also be available for touring, professional conference organisers, exhibition build companies and eligible attractions, providing highly targeted support to those operators most impacted by the lack of international visitors and who have not benefited from tourism vouchers.

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Under the co-funded scheme, businesses will be able to access payments between $5,000 and $30,000 depending on their annual turnover which must be less than $10 million. Eligible businesses must be able to demonstrate a 30 per cent decrease in turnover, compared to the same period in 2019, as a result of the lockdown.

Together the total package of support is more than $12.5 million and will be split on a 50/50 basis.