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Business News NSW Northern Rivers

RENT RELIEF CONTINUES FOR SMALL BUSINESSES IMPACTED BY COVID-19

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RENT RELIEF CONTINUES FOR SMALL BUSINESSES IMPACTED BY COVID-19
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RENT RELIEF CONTINUES FOR SMALL BUSINESSES IMPACTED BY COVID-19

Small businesses who are still doing it tough across the State will continue to benefit from rent relief until 13 January 2022, ensuring ongoing support for small businesses over the Christmas and New Year’s Period.
Treasurer Matt Kean said as the economic recovery continues, many small businesses are still not back at their pre-COVID turnover and rent is still one of their biggest fixed costs.

“Small business is the engine room of our economy and as we recover from the pandemic we need to make sure we leave no one behind and support impacted businesses as they continue to recover,” Mr Kean said.
“Continuing rent relief measures for impacted small businesses will provide a necessary buffer to allow businesses time to get back on their feet and begin to thrive again.”

The Retail and Other Commercial Leases (COVID-19) Regulation 2021 rent relief provisions will continue for eligible businesses with a turnover of less than $5 million, a more targeted level of support from the previous turnover threshold of $50 million.
Minister for Finance and Small Business Damien Tudehope said landlords will still be required to negotiate rent relief with eligible commercial and retail tenants that are experiencing a turnover decline of 30 per cent or more.

“Lockdown may be over but there are still small businesses, particularly in our CBDs, that are facing a slower recovery and are continuing to do it tough,” Mr Tudehope said.

“As the State continues to transition out of lockdown, 97 per cent of NSW businesses will retain access to COVID-19 rent relief provisions if they continue to experience a significant decline in turnover.”

Small commercial and retail tenants that would have continued to meet the eligibility criteria for JobSaver or the Micro-business Grant, after ending on 30 November, will remain eligible for rent relief negotiations with their landlords.
Under the Regulation, landlords are required to negotiate rent relief having regard to National Cabinet’s Code of Conduct. As a starting point, rent relief should be proportionate with eligible tenant’s decline in turnover, with at least 50 per cent in the form a waiver, and the balance a deferral.
Landlords can access the Commercial Landlord Hardship Fund, which currently provides small commercial or retail landlords with a monthly grant up to the value of any rental relief provided, to a maximum of $3,000 per month per property.
Alternatively, land tax relief is available for eligible commercial landowners who have reduced their tenants’ rent due to COVID-19, between 1 July 2021 and 31 December 2021. The reduction in land tax payable is the lesser of:

  • the amount of rent reduction provided to an eligible tenant for any period between 1 July 2021 and 31 December 2021, or
  • 100 per cent of the land tax attributable to the parcel of land leased to that tenant.

For more information on rent relief visit: Commercial leases https://www.smallbusiness.nsw.gov.au/get-help/covid-19/commercial-leases-and-covid-19-faqs
For more information on COVID-19 assistance for commercial and residential landlords visit: https://www.service.nsw.gov.au/campaign/covid-19-help-businesses/covid-19-assistance-commercial-and-residential-landlords

Business News NSW Northern Rivers

Strong interest for NRLX leasing proposal

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The NRLX lease from above.
Strong interest for NRLX leasing proposal
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Strong interest for NRLX leasing proposal

RICHMOND Valley Council advises the conclusion of the tender submission period for the leasing of the Northern Rivers Livestock Exchange (NRLX).

According to global real estate experts JLL, which is managing the tender process for Council, the leasing proposal garnered widespread attention and interest from industry-leading entities with multiple submissions received.

Council’s General Manager Vaughan Macdonald said having JLL manage the tendering was instrumental in ensuring a thorough evaluation of proposals was undertaken to make sure the selected proponent aligned with Council’s objectives for the NRLX and brought value to the whole Richmond Valley community.

“JLL’s team will now carefully review each proposal, assessing them against the tender criteria and provide advice to Council to determine the best proposal for the lease of the facility,” Mr Macdonald said.

“The aim is for Council to make the necessary decisions during December and, subject to a satisfactory proposal being received, authorise the finalisation of the lease for the facility.

“Council shares the community’s desire to have the NRLX back operating, with the intention to have it re-open as soon as possible in 2024.”

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Business News

Iconic ice cream and lolly shop turns 10

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Caroline Powell of Muzza's Milk Bar
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Iconic ice cream and lolly shop turns 10

 

By Samantha Elley

It is said, there are two reasons people come to Evans Head.

Obviously, the beach is the first but secondly would be to visit Muzza’s Milkbar in Oak Street.

Owned by Evans Head resident Caroline Powell, the iconic ice cream and lolly shop is turning 10 years old and they are planning a huge party.

The shop first opened on 3rd December, 2013 by Caroline’s mum, Petria Powell after the death of her husband Murray.

“It was a way of dealing with the grief but not have to go into a workplace,” said Petria.

“It was a place for me to go more than anything else, a place to make memories.

“To see children enjoying ice cream and sweets, families coming in, it was everything Murray and I stood for.”

Sergeant Murray Powell of Byron Bay police station was a police officer for 39 years, 25 of those in Byron Bay.

“Unfortunately, he got pancreatic cancer,” said Caroline.

“He died on 28th December, 2011.”

Petria started to expand by opening a Muzza’s store in Lismore, followed by a shoe store.

“I was 20 when we opened the shop and I worked part-time for mum on and off,” said Caroline.

“In the last year before I took over I was working for mum full-time.”

With the three stores, Petria knew it was too much for her and Caroline put her hand up to take over the Evans Head store.

“At the age of 25 I took on the shop,” said Caroline.

“I loved the ice cream and the lollies, and we just continued the same business model, affordable prices so that families can come in and make memories.”

Then Covid hit and Caroline’s business was closed and her plans turned upside down.

“I was actually overseas when Covid hit,” said Caroline.

“I came home and had to do two weeks home quarantine, and I was not able to leave the confines of my tiny little unit.

“I was jotting down ideas into a notebook and I thought ‘Why don’t we just deliver?’”

And so Muzza’s started delivering.

Caroline Powell of Muzzas Milk Bar

Caroline Powell of Muzzas Milk Bar

With a freezer in her car and a will to make her business succeed, Caroline was delivering ice cream and lollies as far as Casino and Lismore.

“Customers can’t come to me but I can come to a customer if I have to,” Caroline said.

“Some people were literally buying five kilos of lollies.

“We worked out for families, it was a way of treating their kids was with sweets; they were homeschooling so they needed something to bribe their kids.”

They were so successful, not only did the business survive 2-3 years of Covid but they also didn’t take any government covid payments.

Now on the eve of celebrating 10 years of the business, Caroline said it has grown ten-fold.

“We offer ice cream, lollies, milk shakes, thick shakes, in winter we supply donuts,” she said.

“We do ice cream cakes. Give me an idea and I will try and make it work.

“Gift boxes and lolly jars are working well.”

The biggest seller, of course, is the ice cream, then thick shakes but the range of lollies is international.

“I get stuff out of the US, stuff from the Netherlands, Germany,” Caroline said.

“We’ve got Dutch liquorice in at the moment, we’ve got Barnett’s sour lollies out of the UK which claim to be the most sour lolly in the world.”

There is also a great range of nostalgic lollies that many parents of the children who come to Muzzas, remember from their own childhood.

“I’ve got suppliers who still stock them,” Caroline said.

“I am hoping to get more of the ‘Old Favourites’, I am calling it.”

The popularity of the shop is reflected in the amount of ice cream they are able to sell.

“The company we buy our ice cream from, Everest ice cream, we are their largest customer in Queensland,” Caroline said.

“They supply as far south as Newcastle and to as far north as Rockhampton.

“Even their customers, Dreamworld and Australia Zoo, we beat them in ice cream sales.

“At Christmas time we get three weekly deliveries of over 300 tubs in each delivery.”

Caroline has plans to expand and open another Muzza’s store and possibly a warehouse to house all the extra stock they have.

“She has made it what it is today,” said Petria.

“I am as proud as punch. She has looked outside the square especially during covid and found a way to beat it. She has a lot of resilience.

“Whatever she does she will put 120% into it.”

Muzza’s is having a party on December 3, 2023 from midday on, behind Club Evans RSL where there will be live music, food trucks and plenty of ice cream and lollies.

“Bring a rug or a chair and come and sit by the river,” said Caroline.

“It’s our way of giving back to the community for all the support they’ve given us.”

 

For more Evans Head news, click here.

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Business News

SETTING OUR INFRASTRUCTURE PRIORITIES

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infrastructure priorities - Infrastructure Policy Statement.
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SETTING OUR INFRASTRUCTURE PRIORITIES

 

The Albanese Government has released the Infrastructure Policy Statement to guide the Commonwealth’s funding of properly planned and targeted infrastructure to help unlock a range of significant economic, social and environmental objectives.

For too long under the Coalition, Commonwealth infrastructure spending focused on electoral rather than national benefit and in doing this it expanded the Infrastructure Investment Program from roughly 150 projects in 2012-13 to nearly 800 in 2022.

That needs to change.

The Policy Statement commits the Government to delivering nationally significant infrastructure.

This means projects will need to have at least two of the following characteristics:

  • Australian Government contribution of at least $250 million; and/or
  • alignment with Government priorities as articulated in the Infrastructure Policy Statement; and/or
  • situated on or connected to the National Land Transport Network and/or other key freight routes; and/or
  • supporting other emerging or broader national priorities – such as housing or critical minerals.

There are three priorities for our investment: productivity, liveability and sustainability.

It means cutting congestion, ensuring supply chains are resilient, building equity into the heart of where we live, improving prosperity, reducing our emissions and encouraging more sustainable ways to travel.

infrastructure priorities - Infrastructure Policy Statement.

The Albanese Government has released the Infrastructure Policy Statement to guide the Commonwealth’s funding of properly planned and targeted infrastructure

We are committed to working in partnership with the states and territories who are our primary infrastructure delivery partners.

We are reshaping how the Commonwealth funds projects, returning to a preference of 50:50 funding with the states and territories for future investments, so both levels of government carry an equal share of both the benefits and the risks.

This will mean the Commonwealth’s infrastructure spend – which is being maintained at $120 billion – can go further, maximising the benefits of the Commonwealth’s investment and ensuring shared accountability. It will help end the perverse incentives that saw the Federal Coalition throw money at projects that states did not want to build.

The Government may consider funding a greater share of projects in jurisdictions with less capacity to raise revenue on a case-by-case basis.

We also want to share the benefits of construction.  We will seek to encourage local employment and procurement, as well as increase the participation of women, First Nations communities and other marginalised groups in the delivery of these projects.

The Albanese Government will invest in the projects that only the Commonwealth can – those which shape our cities, our regions and our nation.

Together with the states and territories – and with clear priorities and proper planning – we will build a better future for all Australians.

 

For more business news, click here.

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