Closure of Hunter River and Port Stephens Fisheries – September 2015 - Business Hardship Payment

Assistance for eligible businesses experiencing financial hardship as a direct result of the closure of the fisheries in the Hunter River and Port Stephens.

The Hunter River and Port Stephens fisheries will reopen on 1 October 2016. The financial assistance package for individuals and businesses experiencing financial hardship as a result of the closure of the fisheries in the Hunter River and Port Stephens is ending on 25 November 2016.

About the Business Hardship Payment

Provides assistance to eligible businesses experiencing financial hardship as a direct result of the closure of the fisheries in the Hunter River and Port Stephens on 4 September 2015. It consists of up to 5 payments to a total of $20,000.

The Business Hardship Payment that reset on 1 July 2016 is ending on 25 November 2016.

The Business Hardship Payment is a taxable payment and is considered income for tax purposes. You should consult a tax professional or lawyer about how this payment may affect your tax.

Eligibility

A business may be eligible for Business Hardship Payment if it:

  • engages in commercial fishing, excluding oyster farming, in the closed fisheries
  • has received a Business Assistance Payment
  • has continued to incur business expenses since the closure of the fisheries in the Hunter River and Port Stephens
  • can show evidence that in the usual course of business, the expenses would have been paid from income derived directly from fishing in the closed fisheries
  • can show evidence that:
    • as a result of paying these expenses, the business does not have adequate or sufficient funds in reserve (funds include cash on hand, amounts in back accounts (including term deposits) and loans to other people that can be called in), or
    • having incurred these expenses, the business does not have adequate or sufficient funds in reserve to pay the expenses
    • You are required to provide evidence to support your claim. This may include evidence of business expenses, receipts and invoices, or proof of insufficient funds to pay these expenses. If you’re having difficulty providing evidence, contact us to discuss.
    • More information about the evidence needed to support your claim is in the Business Hardship Payment – Closure of Hunter River and Port Stephens Fisheries, September 2015 – claim form.

For more information about the Business Hardship Payment please call 180 23 22.

Claiming

You can submit claims in person, by post or fax (see details below).

The Business Hardship Payment consists of up to 5 payments to a maximum of $20,000.

Your initial claim must be a minimum of $1,000. It must reflect either:

  • the actual invoices paid, or
  • the amounts due on unpaid invoices or quotations (in limited circumstances)

For business expenses incurred between 4 September 2015 and 30 June 2016 you needed to submit your claim by 28 July 2016.

For business expenses incurred after 1 July 2016, you need to submit your claim by 25 November 2016.

If you wish to make a claim, please:

  1. download and complete the Business Hardship Payment – Closure of Hunter River and Port Stephens Fisheries, September 2015 – claim form
  2. submit your claim, with supporting evidence:
    • in person at your nearest service centre
    • by post, sending to:
      Department of Human Services
      Reply Paid 7815
      Canberra BC
      ACT 2610
    • by fax to 1300 727 760
If you post or fax your claim to us, ensure your supporting evidence is clearly identified with your name.
Payments will be made directly into the nominated Australian financial institution account held in the name of the business submitting the claim.

Resources

Page last updated: 28 September 2016

This information was printed Thursday 29 September 2016 from humanservices.gov.au/business/services/centrelink/closure-hunter-river-and-port-stephens-fisheries-september-2015-business-hardship-payment It may not include all of the relevant information on this topic. Please consider any relevant site notices at humanservices.gov.au/siteinformation when using this material.