A range of support measures has been introduced to support small business owners dealing with the rising cost of fuel and supply chain uncertainty.
Interest free loans
The Federal Government's Economic Resilience Program will provide $1 billion in interest free loans to fuel, fertiliser and other critical supply chain businesses.
More information about these loans is coming soon.
Reduced and flexible tax obligations
The Australian Taxation Office (ATO) has announced temporary measures to help small business owners struggling to meet their tax obligations due to rising fuel costs .
Until 30 June 2026, the ATO is:
- Providing support to vary pay as you go (PAYG) instalments for businesses that have a reduced taxable income due to fuel costs and availability.
- Reducing interest and penalties.
- Providing tailored payment plans for businesses impacted by the high cost of fuel.
- Removing the heavy vehicle road user road charge for three months.
- Deferring the next scheduled increase in the heavy vehicle road user charge by six months.
Fuel excise halved
The Australian Government has reduced the fuel excise on petrol and diesel by 32 cents per litre until 30 June 2026.
Support from banks
The Australian Banking Association (ABA) has encouraged those struggling with loan repayments and the challenges of higher costs to contact their bank to explore the support measures available.
Depending on your situation, this could include:
- Temporarily deferring payments
- Reducing or waving fees
- Providing flexible access to savings and term deposit products to support short term cash flow needs.
Visit the ABA’s Financial Assistance Hub to find the contact details for your bank’s hardship assistance team.
Free business advice and support
Turn to us at the SBDC for free and confidential business advice to help you manage the impact of rising costs or supply chain disruption to your business. To speak to one of our experienced business advisers, call 133 140 or book an appointment online.
If you’re located in regional WA, you can access support in your local area via our SBDC Regional service.
