Stimulus Package – Temporary Higher Thresholds And More Time To Respond To Demands From Creditors
The ATO intends to provide relief to businesses impacted by COVID-19 through a number of measures. What are they and how do they affect you?
Stimulus Package – Boosting Cash Flow For Employers – PAYG Withholding Credits
The cash flow boost provides for payments to support employers by boosting their cash flow. Another intention with this measure is to encourage the retention of employees through any follow-on downturn. What do these changes mean for your business?
Stimulus Package – Individuals – Coronavirus Supplement
The Coronavirus supplement is to be paid at a rate of $550 per fortnight beginning 27 April 2020. This supplement will be paid to both existing and new recipients of the eligible payment categories. These changes will apply for the next six months. Who is eligible?
Stimulus Package – JobKeeper Payments – Information For Employees and Employers
Under the JobKeeper Payment, businesses impacted by the Coronavirus will be able to access a wage subsidy from the Government to continue paying their employees. How to employers and employees access JobKeeper?
Stimulus Package – Reduction To The Minimum Super Pension Drawn Downs
The minimum annual payment amounts for pensions and annuities have been temporarily reduced by 50% for the 2019-20 and 2020-21 financial years in recognition of the impact of the coronavirus on self-funded retirees’ investments. What does this mean for you?
Stimulus Package – Federal Government Support For Small/Medium Enterprise (SME) Loans
The Commonwealth Government will provide a guarantee of 50% for loans made to SMEs with turnover of up to $50 million. How can your business access this stimulus package?