$2.5bn JobTrainer package: What you need to know

The Prime Minster today announced the $2.5bn JobTrainer package to retrain, upskill and open new job opportunities. The ABS labour force statistics were also released today revealing the unemployment rate has risen to 7.4% in June but with the participation rate increasing by 1.3%. Senator Michaelia Cash stated that “the ...
Read More

The JobKeeper Payment Scheme

The JobKeeper payment is open to eligible employers to enable them to pay their eligible employee’s salary or wages of at least $1,500 (before tax) per fortnight. Eligible employers will be reimbursed a fixed amount of $1,500 per fortnight for each eligible employee.

Employers, the key dates and key ...
Read More

The 2nd $66.1bn Stimulus Package: What you need to know

The stimulus measures are not yet legislated. Parliament is in session today. The Prime Minister has warned that there are no “quick solutions” and that business should prepare for 6 months of disruption. In Summary Business
  • Tax-free payments up to $100,000 for small business and not-for-profit employers. An increase in ...
    Read More

The Stimulus Package: What You Need To Know

The yet to be legislated four part package focuses on business investment, sustaining employers and driving cash into the economy.1. Increase and extension of the instant asset write-off 2. Accelerated depreciation deductions1. Tax-free payments up to $25,000 for employers 2. Wage subsidy of up to 50% of an apprentice or ...
Read More

The main residence exemption changes – will you pay tax on your home?

Late last year, legislative changes were made that exclude non-residents from accessing the main residence exemption. The retrospective changes directly impact foreigners and expats whose main residence is in Australia or overseas. We explore the impact.Key points
  • Non-residents for tax purposes excluded from the main residence exemption from 9 ...
    Read More