An enhanced version of the wage support announced in the first stimulus package will be implemented.

100 per cent of tax withheld on the salary and wages of employees paid by small businesses and not-for-profits will be reimbursed by government, up to a maximum of $50,000.

The minimum payment will be $10,000 and will be applied regardless of whether tax is withheld on the salary and wages by the employer. Payments will be based on:

• For monthly activity statement lodgers – March (at 300 per cent to cover January and February), April, May and June 2020 lodgements.

• For quarterly activity statement lodgers – Quarter 3 (Jan-Mar) and Quarter 4 (Apr-Jun) lodgements.

Payments are only available to businesses that were established and active prior to March 12, 2020. Charities registered with the ACNC will be eligible regardless of their date of commencement.

Additional payment:

Additional payments will also be made that will double the amount paid in the first tranche of support. Businesses and not-for-profits who received payments as outlined above will receive the same amount again later in 2020. For monthly activity statement lodgers, one quarter of the total payments made under the scheme outlined above will be paid again following the lodgement of the organisation's June, July, August and September 2020 statements.

For quarterly activity statement lodgers, one half of the total payments made under the scheme outlined above will be paid again following the lodgement of the organisation's June and September 2020 statements.

Applying:

Businesses need not actively apply for this support – it will be automatically provided through the ATO's activity statement process.