Strategies and advice for businesses to stay in control through COVID-19 and get ahead of the pack

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COVID-19 Business Continuity – 15th July

I’m here with the COVID-19 continuity update for Australian businesses on Wednesday 15th July.

I’ve been talking to you about the need to plan ahead for what might happen with JobKeeper after the end of September. As I discussed in yesterday’s brief, I believe we’re being positioned by the treasurer not to expect a replica of JobKeeper version 1.

If further corroboration was needed, these comments from Finance Minister Mathias Cormann on Friday 10th July all but confirm that JobKeeper in its current form won’t continue past September.

Speaking with reporters, Finance Minister Cormann said,
“JobKeeper in its current form was always designed to be in place for a six-month period. That comes to an end at the end of September. It is an unbelievably generous program.
“On the basis of assessed need, there will be continued support moving forward, but JobKeeper in its current form will come to an end at the end of September.”

Based on my analysis of the various comments from the PM, treasurer and finance minister, I believe that we need to expect that there will be some targeted support for businesses in some industries that have been forced to close under government direction. These industry sectors include hospitality, personal services (such as gyms, beauty salons), and tourism and entertainment. For the majority of industries that have been allowed to stay open, we need to expect that JobKeeper will not continue.

We’re now 8 days away from the treasurer’s review of JobKeeper, and 75 days from the end of JobKeeper as we know it. I say that not to panic people but to ensure we all have an appropriate sense of urgency about preparing your business for the next stage post-JobKeeper.

 

Ash

Ashley Thomson B.Eng(Hons), Grad. Dip. Mgmt, MEI
Managing Director
Tenfold Business Coaching

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