JobKeeper Payment — Information for employees

  JOBKEEPER PAYMENT – INFORMATION FOR EMPLOYEES   Employee Obligations   Employees will receive a notification from their employer that they are receiving the JobKeeper Payment. The majority of employees will need to do nothing further.   Employees in the following circumstances will have additional obligations.   Employees that have multiple employers must notify the […]

Centrelink $750: Who gets it, when it arrives, what to do if it doesn’t arrive?

  From 31st March 2020, approximately 6.5 million Australians will find themselves $750 richer as the government frantically tries to stimulate an economy crippled by the coronavirus pandemic.   The one-off payment is a component of a package designed to support the nation’s most vulnerable citizens, and the government intends for it to be spent […]

Early access to superannuation due to COVID-19

Early access to superannuation due to COVID-19   Individuals affected by the coronavirus can access up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21. You will be able to apply for early release of your superannuation from mid-April 2020.   While superannuation helps people save for retirement, the Government recognizes […]

Instant asset write-off for eligible businesses Changes from 12 March 2020

  Instant asset write-off for eligible businesses Changes from 12 March 2020   From 12 March 2020 until 30 June 2020 the instant asset write-off:   threshold is $150,000 (up from $30,000) eligibility range covers businesses with an aggregated turnover of less than $500 million (up from $50 million). Instant asset write-off thresholds   Date range for when asset […]

Accessing COVID-19 Cash Flow Boost

  Accessing COVID-19 Cash Flow Boost   Legislation has been enacted to provide temporary cash flow support to small and medium businesses and not-for-profit organisations that employ staff during the economic downturn associated with COVID-19 (novel coronavirus). This will be done through two sets of cash flow boosts delivered from 28 April 2020 to support employers […]

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