18 September 2020 In July 2020, the Government announced that the existing JobKeeper Scheme would be extended until 28 March 2021 but with changes to the payment rates and to how the decline in turnover is tested. Legislation to extend the scheme has now received royal assent and this week, both the Treasurer and the Read more…

20 August 2020 IMPORTANT CHANGES TO ELIGIBILITY AND APPROACHING DEADLINES  Employers top five must do actions Businesses participating in the existing JobKeeper scheme must reconsider the eligibility of their employees in order to identify those employees now brought into the existing JobKeeper Scheme under the new 1 July 2020 eligibility test.  Familiarise yourself with the Read more…

10 August 2020 The tightened JobKeeper eligibility rules announced by the Government just two weeks ago will be reversed as the Federal Government acknowledges the impact of the Stage Four Victorian restrictions. Whilst the current situation in Victoria has brought to focus those eligibility issues that have been previously identified by professional accounting bodies, the Read more…

31 July 2020 In its Economic and Fiscal Update released last week, the Morrison Government delivered the eye watering impact that the Coronavirus has had on the Australian economy as well as its plan for recovery.  The update has been provided in advance of the Budget which will be handed down on 6 October 2020.  Key points Read more…

22 July 2020 After weeks of uncertainty about the future of the JobKeeper and JobSeeker emergency payments, the Morrison government has announced that it will extend the schemes for a further six months (13 fortnights), but both schemes will be reduced after a Treasury review foresees such subsidies in the current form could act as Read more…

There is no doubt it’s been a challenging end to the 2020 financial year and with many businesses dealing with the past, current and future effects of COVID-19, it would be easy to forget that the tax year is drawing to a close.  In this newsletter, we would like to take the opportunity to bring Read more…

15 June 2020 As 30 June 2020 approaches rapidly, it is important to ensure that your superannuation arrangements are addressed, including consideration of any new superannuation rules, particularly in light of the Government’s COVID-19 economic response. In summary, considerations include: Maximising tax-deductible superannuation contributions, including ensuring there is sufficient time for any contributions to clear Read more…

8 May  2020 The latest figures from Treasury show that  approximately 730,000 businesses have now enrolled for the JobKeeper scheme extending to approximately  4.7 million employees. Professional, scientific and technical services are currently the largest industry group to register for JobKeeper, accounting for 14.7 per cent of total enrolments.  The construction industry group was next Read more…

28 April 2020 AMENDMENTS TO THE JOBKEEPER SCHEME It was another busy week of updates to the JobKeeper Scheme with Treasury announcing on Friday a number of changes and the ATO updating its time frame around enrolment and payment for the first JobKeeper payments over the weekend. For everything you need to know about these changes Read more…

Our recent webinar held on Tuesday 28 April 2020 runs through the latest on the JobKeeper Program. The Government released the eagerly anticipated JobKeeper Alternative Decline in Turnover Tests late last week.  For many employers, the JobKeeper Payment scheme is a vital subsidy and the difference of being able to retain their workforce or not.  With the Read more…