Woolworths Group has moved to assist small suppliers affected by COVID-19 by reducing its payment terms to a maximum of 14 days.
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.
Between them, the Queensland and Victorian state governments have reportedly returned $102 million to businesses in the form of payroll tax refunds.
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 for small business in these challenging times according to an Kevin Han, senior analyst at corporate advisory business Nash Advisory.
Stone & Wood are offering to take back unopened kegs from venues and give credit to customers as it looks to help the hospitality industry.
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.
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.
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.
Spark Breweries and Distilleries are launching a weekly webinar on crisis management, discussing how to get beer to market in these challenging times.