March 24, 2020
Options for business owners unable to meet contractual obligations due to COVID-19
Our mission has always been to support small business. That mission has never been more clear than right now. The COVID-19 pandemic and subsequent shut downs have had, and will continue to have, a seismic impact on Australia’s business landscape.
For many it will mean changing the way you do business. The way you employ, roster, pay and notify your staff will change. And we want to support you in these times of need with accurate and timely Advice and sound Protection. As we all navigate these changes, getting the details right matters. Why? Because Australian businesses will bounce back. But getting the details wrong during this transition will only compound the current strain, potentially burdening you with costs or claims from former employees that will hinder your growth when business thrives again.
To protect your business now, and into the future, reliable workplace relations assistance is more important than ever.
With that in mind we’ve introduced a three-stage strategy to make sure our essential HR services remain available to you, without adding further burden to your cashflow or financial commitments.
This includes a six month fee reduction. This is suitable for businesses who are still operating during the shut downs, but have reduced cash flow as a result of the COVID-19 outbreak. At the end of six months fees will return to normal with no requirement to bridge the gap, regardless of service usage.
We’ll give you a break from all fees for three months. This is suitable for businesses who have seen their cash flow halted, including by a Government imposed shut down. At the end of three months fees return to normal with no requirement to bridge the gap, regardless of service usage.
If neither of the above options are acceptable, you will be entered into our Hardship Assistance Fund. We’ll assess your situation and potential to access further support. We will apply a fee holiday in the interim.
We stand with small business. We always have, and we always will.
Please contact our Client Experience Team for more details on how this might apply to your situation.
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