COVID-19 JobKeeper: Extension announced

Many had feared that having met the eligibility criteria for the initial period from April to September, the July review of the JobKeeper program could see existing payments reduced or eliminated under revised eligibility criteria. The Government has, however, kept its promise to maintain JobKeeper in its original form, without reassessment, for the duration of the initial six month period. That is, employers and eligible business participants currently receiving JobKeeper will continue to do so until the end of September, in accordance with the initial rules.

Beyond that, the program will now be extended, with some revisions, at least into the December 2020 and March 2021 quarters. It would be nice to think that it won't be required past then, but it's difficult right now to look that far ahead.

You can read the full version here.

Posted: July 23, 2020 | 0 comments

Reduced 26% company tax rate starts 1st July

The company tax rate change isn't a new measure, but rather is in accordance with the timeline of cascading rate cuts passed by Parliament a few years back.

You can read the full version here.

Posted: June 22, 2020 | 0 comments