The City of Melbourne Is Asking For More Government Support To Help Businesses
The City of Melbourne is asking for the introduction of another round of federal government support to help struggling businesses and to offer incentives to boost sales. This follows the release of a recently published survey by the Melbourne City Council outlined that three in four businesses are struggling to survive the current Omicron outbreak. […]
Australians Encouraged to Check Eligibility For $750 Covid-19 Pandemic Leave Disaster Payments
Australian Prime Minister Scott Morrison is encouraging Australian workers to check their eligibility for the Covid-19 Pandemic Leave Disaster Payment, as the Omicron variant soars through the community, setting new records for the number of daily cases seen in every state and territory across the country. The $750 payment is available for eligible persons for […]
NSW Government Announces $66 Million Support Package To Revive Outdoor Dining
NSW Premier Dominic Perrottet has announced the distribution of new grants of up to $500,000 for councils and $5,000 for businesses to increase outdoor dining opportunities. “Those alfresco dining changes that were brought in last year as a temporary measure will now become permanent. We know they’ve been incredibly successful in the Sydney CBD … […]
Accountants Encouraged to Talk to Their Clients About Business Closures
Accountants across Australia have been encouraged to raise the issue of business closures with their clients as ongoing lockdowns are quickly resulting in the death of a number of businesses. Recently published data shows that business defaults have increased by 20 percent over the past month. Averaging an increase of 10 percent over the last […]
Listed Companies Are Required to Report JobKeeper Grants
Recently announced legislation means that listed entities are required to separately notify the market of JobKeeper payments even if that information has been included in the entity’s annual financial report. The legislation known as The Treasury Laws Amendment (2021 Measures No. 2) Act 2021 was announced by the Australian Government in September 2021. The announcement […]
Hardship Panel Established To Support NSW Businesses
The NSW State Government has announced the formation of a Hardship Review Panel to support businesses that are currently not eligible to receive any current Covid-19 business support measures. The purpose of the panel is to assess businesses that are currently experiencing financial hardship but do not meet the criteria for either the Covid-19 Business […]
Treasury Admits That $13.8 Billion Worth of JobKeeper Payments Went To Profitable Companies
Federal Treasurer Josh Frydenberg has revealed that an excess of $13.8 Billion worth of JobKeeper payments were distributed to businesses that weren’t meant to receive the funding. A report published by the Treasury outlined that under the JobKeeper regime $11.4 billion and $15.6 billion in the June and September quarters of 2020 or a total […]
Covid Disaster Payments Will End When Vaccination Rates Reach 80 Percent
Federal Treasurer Josh Frydenberg has announced Covid disaster payments for workers impacted by lockdowns will be discontinued once a state and territory reaches its 80 percent vaccination mark even if some regions end up being locked down again as a result of an outbreak. This means that income support for individuals who lost work during […]
Victorian Government Announces $1,500 Payment For Renters
The Victorian State Government has announced a new one-off payment worth $1,500 for renters who having difficulties due to the ongoing covid-19 enforced lockdown. The $1,500 payment will be awarded to renters via their landlords, if they can prove that they have suffered a loss of income as a result of the covid-19 pandemic. “We’re… […]
ACT Government Increases Business Support Grants As Lockdown Is Extended
Canberra based businesses are set to receive a further grant payment of approximately up to $30,000 as a result of the ACT Government’s decision to extend the lockdown for another four weeks. The extension of the ACT Covid-19 Business Grants means that employing businesses across the territory will be given an extra $10,000, while non-employing […]