The Australian METS sector is being impacted by restrictions put in place to prevent the spread of the Novel Coronavirus (COVID-19) here at home and globally.
METS Ignited is committed to supporting our sector through this difficult time and providing resources to help you support your network to navigate through this and help build a bridge to recovery.
To keep the METS sector informed with new information and support as it becomes available in response to the COVID-19 pandemic, and its impact on businesses and industry, following is a list of up-to-date resources:
Government Stimulus Measures
Recently, the Federal Government announced an economic plan and series of stimulus packages focused on keeping Australians in jobs and helping small and medium sized businesses to stay in business.
A total of $189 billion is being injected into the economy, including $17.6 billion for the Government’s first economic stimulus package, $90 billion from the RBA and $15 billion from the Government to deliver easier access to finance; and $66.1 billion in the Government’s most recent economic support package.
Financial business support for SMEs
- Coronavirus SME guarantee scheme – Supporting the flow of credit
- Boosting cash flow for employers – Assisting with cash flow
- Temporary relief for financially distressed businesses
- Increasing the instant asset write-off – Delivering support for business investment
- Backing business investment – Backing SME investment to support growth and recovery
- Supporting apprentices and trainees – Supporting apprentice and trainee retention
- JobKeeper Payment – Link to enrol & apply for JobKeeper (National)
The Australian Government has announced social distancing measures to protect the Australian community from the spread of COVID-19. Restrictions have been placed on a number of non-essential services.
More information on these measures can be found on the business.gov.au website here.
Any business that is listed – unless it has an exemption – is prohibited from operating because it is considered to create a risk of transmission and for the time being is considered as a non-essential service.
A detailed media statement from the Prime Minister’s office is found here.
On top of the Australian Government’s economic package we have also seen the banks step up to support small business with SMEs to benefit from deferred loan repayments for six months.
As well as financial support, services support has been ramped up across the country, including a helpline for businesses providing specialist advice to navigate the range of support available to help companies forge ahead.
Federal, state and energy ministers have taken action to deliver a coordinated national approach to safeguard energy supplies impacting Australian households and SMEs.
We have seen large technology companies come together to help SMEs to work remotely, launching a website with free practical tools to support a new way of doing things.
Free resources are now available including downloadable posters and fact sheets to provide your team with up to date health advice and practices to keep everyone safe.
Additional support for SMEs and the broader population:
How can METS companies get involved?
On behalf of all of the Industry Growth Centres, The Advanced Manufacturing Growth Centre (AMGC) has launched a portal for Australian manufacturing, component suppliers and skilled design, engineering and manufacturing experts to register their interest and core competencies in support of the national response to COVID-19.
The COVID-19 Manufacturer Response Register portal is live now with all contact is treated in strict confidence.
There are a number of tenders for equipment and expressions of interest that are being published through the department of industry websites and the AusTender website.
Tenders are being released by different departments as needs arise. They will be published through the AusTender portal.
Interstate Quarantine – https://www.interstatequarantine.org.au/state-and-territory-border-closures/
State Government Information
SA Dept of Energy & Mining – http://www.energymining.sa.gov.au/coronavirus_covid-19
QLD Dept of Natural Resources, Mining & Energy – https://www.dnrme.qld.gov.au/home/news-publications/news/2020/march/covid-19-safeguards-to-protect-mine-workers
WA Government update – https://www.wa.gov.au/organisation/department-of-the-premier-and-cabinet/covid-19-coronavirus-latest-updates – covers travel restrictions within WA.
WA Dept of Mines, Industry Regulation & Safety – https://www.dmirs.wa.gov.au/content/dmirs-planning-impact-covid-19-coronavirus
NSW Resources Regulator – https://www.resourcesregulator.nsw.gov.au/news/2020/update-covid-19-situation
NT Government – https://coronavirus.nt.gov.au/