Global statistics plus Covid-19 updates
The following website gives the running totals for many everyday categories and the numbers are almost, if not, overwhelming when seen on a global scale.
ATO clarifies COVID-19 rent relief concerns
The Australian Taxation Office has responded to widespread concerns on whether SMSF landlords providing rent relief to tenants due to the financial impacts of the novel coronavirus is a contravention of the SIS Act.
Banks to defer small-business loan repayments for 6 months
Small businesses will be allowed to defer loan repayments for six months under new emergency measures announced by the Australian Banking Association.
Historic $130bn wage subsidy to cover 6 million workers
Prime Minister Scott Morrison has now unveiled an extraordinary $130 billion wage subsidy which will see businesses receive $1,500 a fortnight per employee for the next six months.
Stage 2 – Covid-19 stimulus package.
Detail on what the second stimulus package means to your hip pocket, Centrelink payments and staff retention.
Covid-19 Update – Small Business
Small businesses will be the hardest hit by the ramifications of Covid-19. The following is more information to help small business owners better understand some of the business support that's now available.
PM launches $17.6 billion virus stimulus plan
The Prime Minister has announced a stimulus plan to curb the economic impact of the coronavirus and keep “Australians in jobs and businesses in business”.
SG amnesty bill passes Parliament
The long-awaited superannuation guarantee amnesty bill has now passed both houses, with employers set to get six months to disclose historical non-compliance before tougher penalties apply.