JobMaker Hiring Credit passed
The government has passed legislation to establish the JobMaker Hiring Credit It is part of the government’s economic response to the COVID-19 pandemic. The JobMaker Hiring Credit is specifically designed to encourage businesses to take on additional young employees and increase employment. It does this by providing employers with a fixed amount of $200 per […]
Companies holding meetings and signing documents electronically
Extension for companies’ electronic meetings and signatures The Government has made another determination extending the timeframe within which companies can hold meetings electronically and enabling electronic signatures to be used. The aim is to relieve companies from problems they face due to the Coronavirus situation. This determination is intended to be in effect until (and […]
Tax cuts pass Parliament
The Government announced various tax measures in the 2020 Budget It was able to secure passage of legislation containing some of the important measures very shortly afterwards, as summarised below. Tax relief for individuals The Government brought forward ‘Stage two’ of their Personal Income Tax Plan by two years, so that, from 1 July 2020: […]
JobKeeper 2.0 tweaks to Decline in Turnover Tests
JobKeeper 2.0 Eligibility and Payments On 21 July 2020, the Government announced that the JobKeeper Payment (JKP) would be extended until 28 March 2021 (i.e. for a further six months beyond its original end date of 27 September 2020). As a result, JKPs will now be made over two separate extension periods, being: Extension period […]