SPECIAL EDITION BIAV E-NEWS
Special Edition BIAV E-News
COVID-19 / Boat Show / Stimulus Business Support
(16/3/20 4:00pm)
Further to last Thursday’s message to all members/exhibitors, some updates –
Yes we remain positive, yet watchful. Ever so watchful as things develop and change at such a rapid rate.
We note the Prime Minister’s decree over the weekend that has resulted in the Victorian Premier announcing a State Of Emergency. And the resulting ban on public gatherings of more than 500 people. Noting that no end date has been placed on this other than it being for an initial 4-week period.
This announcement by the Premier included reference to MCEC events, and their status as non-essential.
MCEC has put an immediate stop to any events of more than 500 people. This is effective immediately. Whilst the end date of this is unknown, it can be assumed it is for the initial period of the State of Emergency – 4 weeks.
Numerous events and gatherings being cancelled or delayed. Ranging from the Grand Prix, right through to small community events.
The Victorian Government / Minister has agreed to a meeting tomorrow, to discuss the implications and financial risks involved for BIAV, the Boat Show and industry, and to contemplate support options.
The BIAV Board is reviewing and communicating with regard to this challenge on a daily basis. The Board formally meets on Monday 23 March at which time all options will be discussed and considered. Members will be advised of all key decisions and plans. Note, if needed, this meeting will be brought forward however the current date may suit well in terms of information gathering and having clear options to consider.
If a cancellation decision were to be made it would be done so on an as soon as possible basis, rather than holding off until a too late scenario. If that were to happen, alternate dates for later in the year may be considered and would depend on MCEC availability, date suitability from an exhibitor perspective, and various other factors.
Payments and bookings for the Boat Show continue, noting that if cancellation is imposed exhibitors will not be burdened financially.
The Federal Government has identified the risk and challenges to business as a result of COVID-19 and has responded with these initial stimulus package opportunities that you may wish to review/consider –
> Cash flow assistance for businesses through Boosting cash flow for employers and Supporting apprentices and trainees.
> Delivering support for business investment through Enhancing the instant asset write-off and Accelerating Depreciation Deductions