Support for MedTech industry
MTAA wrote to Minister Hunt on 29 March outlining the very significant pressures facing the medical technology industry in the current environment and requesting a number of urgent measures to address the ongoing viability of Australia’s MedTech industry as the COVID-19 crisis continues.
The MTAA Board met with Health Minister Greg Hunt on Friday last week to discuss this and other matters, including a return to elective surgery and additional support measures for SMEs and Australian companies.
Following this meeting and a period of intense discussions between MTAA and Minister Hunt and his office, a number of measures have been confirmed by the Minister in relation to PL reform.
Click here to view members-only document.
The Australian Chamber of Commerce and Industry (ACCI) has published a JobKeeper Payment Guide, along with a number of other employer resources, available for download here.
MTAA has been liaising with the Australian Tax Office (ATO) in order to seek clarity on the Jobkeeper provisions available to medtech companies, particular in relation to small companies where they are a local branch of a global company.
The ATO have clarified that, in determining whether a company must show a 30% or a 50% reduction in turnover, the global revenue of the global entity of which it is a part is included. If the global entity exceeds $1b, at least a 50% reduction must be demonstrated to qualify.
However, once the threshold is set, the turnover test itself is based on local GST revenue, not global revenue. Therefore, a small company which is a local branch of a global company exceeding $1b in revenue in total would still need to show that Australian turnover has fallen more than 50% to qualify for JobKeeper.
If global revenues were less than $1b, the fall in Australian turnover would only need to be 30% to qualify.
14 May 2020
Additional flights have been arranged through the International Freight Assistance Mechanism (IFAM)
There is capacity inbound from Auckland, Hong Kong, Tokyo (Narita) and Singapore in which medical supplies will be prioritised.
Members will need to work with their freight forwarders in order to access freight space. If members require additional assistance and suggestions of freight forwarders based with medical and market expertise, Austrade is able to provide this.
For any further assistance or questions, please feel free to contact or Austrade directly at email@example.com.
Freight group – call for EOIs
MTAA recently held the first meeting of a specialist freight group formed as part of MTAA’s COVID-19 Working Group structure.
The purpose of the group is to provide a summary of issues and freight route priorities to feed directly into Austrade’s weekly panel meetings.
Please contact Paul Dale at firstname.lastname@example.org if you are interested in participating in this group.
The Customs Brokers and Forwarders Council of Australia Inc. (CBFCA) represents members interests in international trade logistics and supply chain management service provision. You can refer to this link to help you find a freight forwarder. The International Federation of Freight Forwarders Associations (FIATA) also has a member directory that can be searched through this link.
Australian Government’s International Freight Assistance Mechanism
For information on the Australian Government’s International Freight Assistance Mechanism to back Australia’s agriculture and seafood export sectors, visit:
If you are unable to identify air freight opportunities through these channels, Austrade, https://www.austrade.gov.au, have established a dedicated email address for international freight enquiries: Airfreight@austrade.gov.au.
Elective Surgery – South Australia to resume
South Australia will become the first state to begin to fully restore elective surgery with the lifting of the Appropriate Surgery Direction under the Emergency Management Declaration. Read media release here.
Elective Surgery to resume after Anzac Day
Prime Minister Scott Morrison has announced that elective surgery will begin to gradually re-start after the Anzac Day long weekend.
National Cabinet met on April 21 and agreed that category two surgeries and selected category three surgeries will start from April 27, with a review on May 11 to determine if and when more restrictions will be lifted.
Click here to read the Department of Health media release.