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 […]

FBT Exemption For Retraining Employees Has Been Passed Through Parliament

The Treasury Laws Amendment (2021 Measures No. 4) Bill 2021 has been passed through both houses of parliament. This means that employers will be given an exemption from FBT if they provide education or training to a redundant, or soon-to-be redundant, employee for the purpose of assisting that employee to gain new employment. This exemption […]