The first tranche of JobKeeper ends on 27 September 2020. Those needing further support will need to reassess their eligibility and prove an actual decline in turnover. To receive JobKeeper from 28 September 2020, eligible…
The Victorian Government has announced two new support packages delivering over $3 billion in cash grants, tax relief and cashflow support. Some of the $3 billion appear to be in the form of deferrals (not…
COVID-19 has had an impact on many SMSFs. We look at the key issues. Early release of superannuation When a member of your fund wants to access up to $10,000 of their superannuation early under…
The global health crisis has impacted economies around the world. In response to this, our Federal and State Governments has announced stimulus measures to assist individuals, families and businesses throughout the crisis. Major banks and…
In the last few months, we have watched financial markets fall as the global economy responds to the COVID-19 health emergency. Share markets both here, and the US, have fallen by approximately 30%, which has…
https://treasury.gov.au/coronavirusEarlier this week the Government released a second $66.1bn stimulus package to boost income support payments, provide business cashflow support and relax corporate insolvency laws. The stimulus package, now totalling $84bn, was passed through Federal…
Over the last few weeks, we have all witnessed the spread of the novel coronavirus (COVID19) and its declaration as a public health emergency. We are seeing its disruption to our businesses, workplaces and economy…
The coronavirus (COVID-19) presents a significant threat to our health but is now also impacting businesses across the world. The containment of the pandemic is already resulting in dramatic fluctuations in supply and demand, labour…
Recently the Federal Government announced a $17.6 billion investment package to support the economy as we brace for the impact of the coronavirus. The yet to be legislated four-part package focuses on business investment, sustaining…
