The ATO Clashes With The Senate Over The Disclosure Of JobKeeper Order
Commissioner of Taxation Chris Jordan has argued public interest immunity against a Senate order that would have required the ATO to publish a list of businesses with a turnover of more than $10 million who were recipients of the JobKeeper wage subsidy. The Senate order, moved by independent senator Rex Patrick, would have also obliged […]
Australia’s Unemployment Rate Dropped In Latest Lockdown As People Gave Up Looking For Work
The unemployment rate across Australia has dropped during the latest wave of lockdowns, as a large number of unemployed Australians simply gave up looking for work. Australia’s unemployment rate dropped from 4.9 percent in June to 4.6 percent in July. These figures have been recorded despite there only being an extra 2,200 extra people becoming […]
SMEs Encouraged To Seek Help If They Are Struggling To Pay Their Taxes
Small to medium enterprises (SMEs) across Australia are being encouraged to seek immediate help if they are struggling to pay their taxes due to the covid-19 pandemic-induced cash-flow issues. It has been reported that small to medium businesses currently owe the Australia Tax Office (ATO) a record-high $21.4 billion in tax debt in the financial […]
Centrelink Goes After 11,000 Australians for $33 Million Worth of JobKeeper Related Debts
Over 11 thousand Australians have been sent debt notices associated with JobKeeper wage subsides totalling an amount close to $33 million. Services Australia has announced that since April 2021 11,771 welfare recipients had debts raised, following a review of JobKeeper and income support payments. Employment Minister Stuart Robert told parliament that it was the government’s […]
Banks Offering Support To Australian Businesses And Households During Lockdown
Banks across Australia have been granted a bit over 15,000 repayment deferrals on home and business loans during the recent lockdowns taking place across the country. Since Thursday 8th July, over 600 business loans have been deferred, including 14,500 home loans, with NSW said to be the origin of a majority of hardship assistance requests, […]
Australia Set To Avoid Another Recession Despite New Lockdowns
According to the Reserve Bank of Australia’s Governor Philip Lowe, Australia is set to avoid another recession, despite the countries recent economic comeback being halted by the number of new lockdowns introduced across the country to stop the spread of the Delta covid-19 variant. Mr. Lowe believes that Australia’s economy will bounce back quickly once […]
60 Percent Increase Of Women In The Boardroom Over The Past 5 Years
It has been revealed that Australian boardrooms have seen a 60 percent increase in the number of female members in the past five years, though cultural diversity continues to move at a slower pace, according to the Governance Institute. The new research was compiled by the Governance Institute of Australia and Watermark Search and published […]
4.6 Billion of JobKeeper Payments Went To Businesses That Increased Their Turnover
It has been revealed that billions of dollars’ worth of JobKeeper payments were distributed to businesses that increased their turnover at the peak of the covid-19 pandemic in 2020. The Australian Government originally announced the $1,500 per fortnight wage subsidy in March 2020 when the economy shut down to combat the spread of the virus. […]
Australian Consumers Lose Confidence As Retail Sales Drop During Recent Lockdowns
Many Australian businesses are afraid that new lockdowns will give them no choice but to close their doors permanently as online shopping remains the only way they retail stores can continue to generate revenue during the new lockdowns in Sydney and Melbourne. With over half the Australian population in lockdown to prevent the spread of […]
Prime Minister Scott Morrison Continues To Reject Calls To Bring Back JobKeeper
Prime Minister Scott Morrison has rejected calls to reinstate JobKeeper. This is despite their being 13 million Australians who are currently in lockdown which is over half the nation’s population. The Prime Minister strongly insists that there is no time to implement a system to deliver emergency payments to individuals who need it now. “I’m […]