SMALL BUSINESSES IN BLUE MOUNTAINS URGENTLY NEED NATIONAL DISASTER RELIEF

 
The Shadow Minister for Small Business, Employment, Industry and Science was today joined by the Member for Macquarie, Susan Templeman, and Assistant Shadow Minister for Small Business, Matt Keogh, to visit small businesses affected by the devastating bushfires in the Blue Mountains area.
 
Many small businesses in the Blue Mountains have lost their livelihoods, particularly due to indirect consequences of the devastating bushfires, and they face continuing economic uncertainty.

At a round table with local business owners, it was conveyed that many businesses have already closed their doors and others face closure if they don’t get help now. The lack of visitors during what is normally a very busy time of year has had an impact on many small businesses worse than was the case during the Global Financial Crisis.

One of the biggest concerns raised was the obstacles to accessing relief grants and loans as promised by the Morrison Government’s small business bushfire package. 

The Morrison Government announced that eligible small businesses can access loans of up to $500,000 if they have suffered “significant asset loss or a significant loss of revenue”, however there is no application process up and running. 

A number of small businesses in fire affected areas are raising the alarm that they cannot access or apply for financial support.

Labor is concerned the Morrison Government’s promised package may not be getting to businesses that need it most. There is a need for speed when it comes to accessing financial help for businesses in bushfire affected areas. 

Clarity around eligibility