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  • COVID-19 Boosting cash flow for employers final report

    On 24 March 2020, the government introduced a new measure to provide temporary cash flow support to small and medium businesses and not-for-profit (NFP) organisations that employed staff during the economic downturn associated with COVID-19 (novel coronavirus).

    Under the measure, eligible businesses and NFP organisations received between $20,000 to $100,000 in cash flow boost credits by lodging their activity statements up to the month or quarter of September 2020.

    This included an initial cash flow boost between $10,000 to $50,000 for the March to June activity statements. Employers then received additional credits equalling their initial boost for June to September activity statements.

    This page provides the final data as at 30 June 2021 about the cash flow boost delivered to eligible employers.

    You can download a printable version in portable document format: COVID-19 Boosting cash flow for employers final report (PDF, 747KB)This link will download a file

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    Delivery of the cash flow boost

    As at to 30 June 2021, 819,492 employers received cash flow boosts – totalling $35.67 billion of credits applied to activity statements. This is made up of:

    • $17.92 billion for the initial cash flow boost with an average credit of $21,870
    • $17.74 billion for the additional cash flow boost with an average credit of $21,789.

    Of these credits:

    • $26.63 billion resulted in employers needing to pay less tax on their activity statements
    • $9.04 billion has been or is expected to be refunded due to cash flow boost credits being applied.

    The credits went to businesses that provided 8.77 million jobs, employing 6.62 million people during the economic downturn.

    Of the 819,492 employers that received the cash flow boost:

    • 145,545 (18%) received the maximum initial cash flow boost of $50,000
    • 396,554 (48%) received the minimum initial cash flow boost of $10,000
    • 81% were small businesses
    • 81% were located in New South Wales, Victoria or Queensland.

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    Industry breakdown by credits received

    The following table outlines credits provided to eligible employers by industry.

    Table 1: Credits received by industry as at 30 June 2021

    Industry

    Credits received ($ billion)

    Professional, Scientific and Technical Services

    6.31

    Construction

    5.93

    Health Care and Social Assistance

    3.25

    Retail Trade

    2.79

    Manufacturing

    2.51

    Other

    14.88

    Eligible employers by annual turnover

    The following table shows the percentage and number of employers that received the cash flow boost by income range.

    Table 2: Eligible employers by annual turnover as at 30  June 2021

    Annual turnover

    Percentage (%)

    Number of eligible employers

    Up to $2 million

    81

    665,481

    $2 million – $10 million

    12

    100,751

    $10 million – $50 million

    3

    23,535

    Not-for-profits

    4

    29,725

    Eligible employers by state and territory

    The following table outlines the percentage and number of eligible employers based on their state or territory.

    Table 3: Eligible employers by state and territory as at 30 June 2021

    State or territory

    Percentage (%)

    Number of eligible employers

    NSW

    35.7

    292,385

    VIC

    25.9

    212,418

    QLD

    19.3

    158,122

    WA

    9.3

    76,101

    SA

    5.7

    46,769

    TAS

    1.8

    14,895

    ACT

    1.6

    13,260

    NT

    0.7

    5,542

      Last modified: 22 Sep 2021QC 66848