Commercial landlords in New South Wales will now be required to offer rental relief to tenants with an annual turnover less than $50 million under an extended state support scheme.

NSW Extends Commercial Tenancy Relief

Commercial landlords in New South Wales will now be required to offer rental relief to tenants with an annual turnover less than $50 million under an extended state support scheme. The NSW government last week announced the reintroduction of national cabinet’s Mandatory Code of Conduct for Commercial Leasing, which will mandate rent relief for eligible…
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The ATO has begun utilising new powers that will allow it to disclose business tax debts to credit reporting bureaus, sparking concerns as businesses reel from ongoing lockdown restrictions.

ATO Utilising New Powers so Businesses Act on Tax Debts

The ATO has begun utilising new powers that will allow it to disclose business tax debts to credit reporting bureaus, sparking concerns as businesses reel from ongoing lockdown restrictions. Businesses with over $100,000 in tax debts have begun receiving letters from the Tax Office, warning them of the agency’s intent to disclose tax debt information…
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Afterpay’s $39bn pay day

Afterpay’s $39bn Pay Day

Business advisers will tell you that you need to begin a business with the end in mind; a phrase popularised by Michael Gerber in E-Myth. The announcement of the intended sale of Australian born fintech company Afterpay, pioneer of the ‘buy now, pay later’ platform, is a case in point. Afterpay was founded in 2015…
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Growing your business value

Growing Your Business Value

Over the next decade, as the baby boomer bubble of small and medium sized business owners roll through the system, Australia will experience one the largest transfers of business wealth in its history. Succession planning is more important than ever. Not just because of the transfer of wealth, but because of the polarising impact of…
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Australia Lockdown support: Update

COVID-19: Lockdown Support Update

The support available to individuals and business has been constantly evolving and changing. Here’s a summary of where support stands around the country. For Individuals From 2 August 2021, the COVID-19 Disaster Payment has increased to a maximum of $750 per week for those who have lost 20 hours of work or more, and $450…
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COVID-19: Can building work continue during the lockdown?

COVID-19: Can Building Work Continue During the Lockdown?

Yes. All building activity can continue subject to meeting the COVID-19 safety plan for construction sites. The HIA have compiled the following information to help and support the Construction and Trade industries during this lockdown period.  Builders need to create a COVID-19 Safety Plan online for all building work at unoccupied sites. There are different…
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NSW & VIC Businesses in Lockdown

UPDATE: COVID-19 What lockdown support is available to NSW business?

If your business is adversely impacted by NSW lockdowns, support is available. The NSW and Federal Governments have released a series of measures to support business during extended lockdowns of four weeks or more. Up to $100,000 in weekly JobSaver cashflow support payments Up to $15,000 through the expanded NSW 2021 COVID-19 business grants program…
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UPDATE Available COVID-19 Lockdown Support for Individuals

COVID-19 UPDATE: What Support is available for Individuals?

If you can’t work because you or someone in your household is impacted by COVID-19, support is available. There are two payments accessible to individuals: the COVID-19 Disaster Payment; and, the Pandemic Leave Disaster Payment. How to Apply for Support You can apply for the COVID-19 Disaster Payment or the top-up income support payment through…
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