The Government is providing vital support to help sole traders withstand the economic impacts of the coronavirus.
Support is available if you are a sole trader with legal responsibility for all aspects of your business whether you work alone or are an employer.
As a sole trader you could be eligible for either the JobKeeper or JobSeeker payment.
You can apply for support under JobKeeper if your turnover has fallen, or is likely to fall, by 30 per cent or more because of coronavirus. As an eligible business you will receive $1,500 a fortnight for each eligible employee, including yourself, until 27 September 2020.
JobSeeker eligibility has also been temporarily expanded to include sole traders and the self-employed if your business has been negatively affected.
You may also be able to access working capital under the Coronavirus SME Guarantee Scheme to improve business cash flow. A temporary government guarantee of 50 per cent is being provided to participating lenders willing to provide credit to sole traders.
Further support is also available for those working in industries, communities or regions particularly affected by the coronavirus economic downturn including tourism, agriculture and education.