Woolworths Group has moved to assist small suppliers affected by COVID-19 by reducing its payment terms to a maximum of 14 days.
COVID-19
Founders First ups stake in Jetty Road
Founders First has upped its stake in Victoria’s Jetty Road Brewery as it prepares to weather the effects of the COVID-19 pandemic following its expansion into venues.
Victoria and Queensland pay $102m back in payroll tax
Between them, the Queensland and Victorian state governments have reportedly returned $102 million to businesses in the form of payroll tax refunds.
Foreign investment rule changes
Temporary changes are to be put in place regulating foreign investment in Australian companies, which will now all require approval, with the government prioritising urgent applications that protect and support Australian jobs.
Communication is key in face of COVID-19
Communication is key for small business in these challenging times according to an Kevin Han, senior analyst at corporate advisory business Nash Advisory.
Stone & Wood offers credit for unopened kegs
Stone & Wood are offering to take back unopened kegs from venues and give credit to customers as it looks to help the hospitality industry.
Victoria’s $1.7bn economic survival package
The Victorian Government has launched a $1.7bn package including a $500m Business Support Fund and payroll tax waiver to help businesses during the COVID-19 pandemic.
Melbourne launches $5m small business grants
The City of Melbourne has released $5 million to support small to medium sized businesses invest in online and e-commerce capabilities, take part in training and professional development and undertake expansion projects as it looks to help businesses adapt.
WA asks for CDS delay
As part of a number of support measures announced by the Western Australian Brewers Association, it will team up with WARRRL to ask the state government to delay the container deposit scheme set to start in June.
Sparkademy: Crisis Management & Getting Beer to Market
Spark Breweries and Distilleries are launching a weekly webinar on crisis management, discussing how to get beer to market in these challenging times.