The Queensland Government has announced a $500 million program designed to assist Queensland businesses that have been impacted by COVID-19.

The COVID-19 Jobs Support Loans scheme has been developed to help those businesses retain their employees and maintain their business operations.

The program is being delivered by the Queensland Rural and Industry and Development Authority (QRIDA) and there is an application process.

You can find the guidelines on how the program works here

Frequently asked questions about the program can be found here

If you believe that this program is right for you, the application process can be found here

The above information is a brief summary only and does not take into account your personal needs and is not a substitute for independent professional advice. We strongly recommend that you speak to your accountant as they will be able to provide you the most suitable advice for your individual circumstance and to ensure that you are also always receiving the most up to date information.