Latest News

Per our previous newsletters, the Government has extended the Jobkeeper scheme. This has now been legislated and Treasury have released the legislative instrument providing more details about how the assessment criteria apply. The extension has two periods Extension 1...

JOBKEEPER EMPLOYEE ELIGIBILTY UPDATE – 1 JULY 2020 EMPLOYEES NOW ELIGILIBLE Last Friday, the Treasurer registered a legislative instrument bringing into effect the change that would see staff employed by 1 July 2020 now eligible for JobKeeper, an extension from the...

HIGH COURT OVERTURNS MONDELEZ DECISION On 13 August 2020, the High Court overturned the Full Federal Court decision, clarifying how paid personal/carer's leave is accrued and taken. Personal/carer's leave entitlements will be accrued per the Fair Work Act 2009 (“the...

On 6 March 2020, the government introduced a super guarantee (SG) amnesty (the amnesty). The amnesty allows employers to disclose and pay previously unpaid super guarantee charge (SGC), including nominal interest, they owe their employees, for quarters starting from...

On 21 July 2020, the Government announced that JobKeeper would be extended to 28 March 2021, but it will have reduced payments to employers and it will be harder to qualify receive it. All employers wanting to claim JobKeeper payments from 28 September 2020 will need...

On the 12th of March as part of the COVID-19 Federal Government stimulus package, the instant asset write off was increased from $30,000 to $150,000. So any assets purchased after this date under this amount are eligible to be claimed as a full tax deduction provided...

The Queensland State Government is extending the Small Business COIVD-19 Adaption Grant Program. As part of the Stage 2 Queensland Economic recovery plan, $100 million of funding is being made available to deliver a second round of grants, with half of this funding...

The end of any financial year is a busy time. For this financial year, the impact of COVID-19 on investment markets generally and the economy more broadly means trustees need to be even more thorough in their analysis and evaluation of their SMSF and retirement plans....

The objective is to support small businesses subject to closure or highly impacted by the coronavirus (COVID-19) shut down restrictions announced by the Queensland Government to be able to adapt and sustain their operations. The available funding is $10,000 per...