05/05/2020
The State Governments have introduced land tax relief for landowners that have been affected by COVID-19 as a result of rent relief provided to tenants. These concessions are summarised below. Updated 5 May 2020 Click below to select a State or Territories update: Australian Capital Territory New South Wales Northern Territory Queensland South Australia Tasmania […]
05/05/2020
The State and Territory Governments have been announcing payroll tax relief that will be offered to business impacted by COVID-19. These concessions have been summarised below. Updated November 2020 Click below to select a State or Territories update: Australian Capital Territory New South Wales Northern Territory Queensland South Australia Tasmania Victoria Western Australia Australian Capital […]
04/05/2020
The State and Territory Governments are announcing residential rent relief being offered to those that have been affected by COVID-19. These concessions are summarised below. Updated 4 May 2020 Click below to select a State or Territories update: Australian Capital Territory New South Wales Northern Territory Queensland South Australia Tasmania Victoria Western Australia Australia Capital […]
01/05/2020
The Australian Government has extended reporting deadlines and the Australian Border Force (ABF) has released guidance on addressing the impact of COVID-19 in modern slavery statements. Reporting periods remain unchanged While the deadlines for submitting modern slavery statements have been extended for some entities, the extension only changes the deadline for the statement and does not alter […]
22/04/2020
The Decline in Turnover Test is a key element of the JobKeeper Payment Scheme which needs to be satisfied before an entity becomes eligible for the JobKeeper payment. Updated 6 May 2020 To establish the relevant fall in turnover, entities need to establish if their turnover has or will likely fall in the relevant month, […]
16/04/2020
ASIC has announced that it will extend the deadline for unlisted entities to lodge financial reports under the Corporations Act 2001 (the Act) by one month for balance dates from 31 December 2019 to 31 March 2020. The extended deadlines for lodgement is intended to assist entities where financial reporting is requiring additional time due […]
15/04/2020
On 7 April, the National Cabinet released a Mandatory Code of Conduct for commercial leases with small to medium enterprise tenants who are suffering financial stress or hardship due to the COVID-19 pandemic. The tenant must meet certain criteria for the Code to apply. Who does the Code of Conduct apply to? The Code of […]
15/04/2020
Universities have until 7 September 2020 to make voluntary disclosures of Superannuation shortfalls to the ATO. Universities are being urged to undertake a payroll health check, in light of an emerging risk pertaining to: Underpayments to casual and sessional staff for overtime and leave loading; and The recent Superannuation Amnesty that gives Universities a 6 […]
14/04/2020
As further documents have been released by Government following our JobKeeper (JKP) webinar on 9 April 2020, our team brings you the latest clarifications. Updated 16 April 2020: Late on 9 April, the Federal Government Treasurer released the following documents: Coronavirus Economic Response Package (Payments and Benefits) Rules 2020 (The Rules) Explanatory Statement to the […]
09/04/2020
Our tax experts breakdown the Government’s JobKeeper Payment announcement in the webinar below. With legislation announcements on 8 April 2020 on the COVID-19 JobKeeper package, we held an update on the details and how they apply to business the following morning. We received many questions over the last week, and during this webinar we endeavoured […]