stimulus package

November 5, 2020

BAC Subsidy – Boosting Apprenticeships

AS PART OF THE 2020-21 FEDERAL BUDGET, THE COMMONWEALTH GOVERNMENT ANNOUNCED AN ADDITIONAL $1.2 BILLION IN FUNDING TO ENCOURAGE EMPLOYERS TO TAKE ON NEW APPRENTICES AND […]
October 6, 2020

JobKeeper Payment Extension – What do You Need to do Now?

  On 28th September 2020, the JobKeeper payment scheme entered the next phase seeing the payment extended until 28 March 2021. There are two separate extension […]
September 2, 2020

JobKeeper 2.0 legislation passed

JobKeeper 2.0 legislation has now passed both houses, with minor amendments that will ensure accountants are entrusted with issuing the 10 per cent decline in turnover […]
August 10, 2020

Government confirms JobKeeper 2.0 turnover tweak

  Treasurer Josh Frydenberg has announced that eligibility for JobKeeper 2.0 will now be based on single quarters, in light of the stage 4 restrictions facing […]
July 21, 2020

JobKeeper extended but eligibility and rates to change

  JobKeeper will be extended beyond September, but businesses will face fresh eligibility tests based on actual declines in turnover, as Treasury releases its review of […]
July 13, 2020

Fresh $534m support package for Victorian businesses

The Victorian government has announced new $5,000 grants for businesses impacted by the second round of restrictions across metropolitan Melbourne and Mitchell Shire.   Up to […]
June 15, 2020

$150k instant asset write-off extended for 6 months

The $150,000 instant asset write-off has now been extended until the end of the year as the government looks to spur businesses to invest.   The instant […]
May 28, 2020

Victoria’s Business Support Fund Extended to JobKeeper Participants

On 23 March, the Victorian Government announced its $500 million Business Support Fund as part of a $1.7 billion stimulus package. Initially only available to small […]
April 22, 2020

ATO confirms ‘one in, all in’ JobKeeper feature

Employers will not be allowed to cherry-pick employees to put forward for the JobKeeper payment scheme, the ATO has now confirmed.   The ATO has now […]