Eligibility and payment amounts for the JobKeeper wage subsidy now and going forward
The JobKeeper wage subsidy program is a temporary Federal Government stimulus measure to provide support to Australian businesses that have been significantly impacted by coronavirus. As currently legislated, it provides for a flat rate $1,500 payment per eligible employee at eligible businesses, for each qualifying fortnight. This support is scheduled to end on 27 September 2020. However, the Treasurer has announced the program is to be extended to run through to 31 March 2021, although with some changes. read more
Extension of the $150,000 Instant Asset Write-Off Provisions
The Treasurer has announced a six month extension to maintain the current instant asset write-off availability and $150,000 threshold until 31 December 2020. This is not yet law – it is still to be passed by parliament. Below are four things to be aware of in relation to instant asset write-off provisions: read more
COVID-19 help for businesses: Rolling coverage of announcements
Rolling coverage of the help for small businesses, being released across Australia in response to the coronavirus (COVID-19). This is not about the number of cases or who has it, we are focusing on providing information on things that will help businesses operate through and beyond the crisis, particularly stimulus measures. read more
The Federal Government’s Stimulus Package to help Australia through COVID-19
The Federal Government has made two economic stimulus package announcements so far. These packages have now been legislated and most of the measures included have already taken effect. Below we go over the key measures to support businesses, then those to support individuals. read more
6 Key Steps for Contingency Planning in the Coronavirus Climate
It is as important for businesses to have a plan to manage any financial or operational flow on effects they may experience, as it is to have a plan to cope with necessary absences or leave required for self-isolation measures if COVID-19 is contracted by an employee, contractor or customer who has been onsite. read more
Proposed cash payments limit legislation remains before Parliament
We previously wrote about the Government’s move to limit cash payments from 1 January 2020 to amounts of up to $10,000. This has not yet been legislated. The relevant bill, the Currency (Restrictions on the Use of Cash) Bill 2019, has passed through the House, but remains before the Senate. A report from the Senate Economics Legislation Committee is due on 28 February 2020. read more

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