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COVID-19 | NSW Announces $440 Million in Land Tax Relief for Commercial & Residential Landlords

COVID-19 | NSW Announces $440 Million in Land Tax Relief for Commercial & Residential Landlords

Emma Zajac
General
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New South Wales commercial and residential landlords will now receive up to $440 million in land tax relief that must be passed on to tenants who have been impacted by COVID-19. The $440 million land tax relief package is expected to be evenly divided between the commercial and retail sector, with landlords to be offered…
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Empty Office space due to coronavirus

COVID-19 | Small & Medium Businesses Granted Rental Waivers and Deferrals

Emma Zajac
Small Business
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Small and medium businesses will now be granted rental waivers and deferrals under a mandatory Code of Conduct unveiled by Prime Minister Scott Morrison. Under the Code of Conduct, landlords will be required to reduce rent proportionate to the trading reduction in the tenant’s business caused by the coronavirus pandemic through a combination of waivers…
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Young Couple Experiencing Financial stress and wanting to access their super early

COVID-19 | Taxpayers Cautioned on Early Super Release

Emma Zajac
Information
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Taxpayers have been urged to reconsider applying for the early release of super to simply obtain tax benefits, with the loophole going against the intent of the government’s COVID-19 relief measures. Temporary early access to super was one of several changes made to superannuation as a part of the government’s second stimulus package to offset the economic…
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ATO to hold a 'Strict line' on PAYG Withholding deferrals

COVID-19 | ATO to Hold a ‘Strict Line’ on Granting PAYG Withholding Deferrals

Emma Zajac
Small Business
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The ATO will now only consider deferring PAYG withholding for large businesses where there is a genuine risk of insolvency, but directors have been warned of the significant risks in applying for the relief. The Tax Office has now clarified its position on its discretion to defer the PAYG withholding, GST and excise obligations of…
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Restrictions Relaxed for Food Trucks & Dark Kitchens during COVID-19

COVID-19: Planning Rules Relaxed for Food Trucks and ‘Dark Kitchens’

Emma Zajac
Small Business
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Ministerial Media Release | Author: Rob Stokes, Minister for Planning and Public Spaces and Damien Tudehope, Minister for Finance and Small Business Food trucks and ‘dark kitchens’ are now easier to set up and operate, thanks to new planning rules in response to the COVID-19 crisis. Dark kitchens – also known as virtual kitchens, cloud kitchens,…
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Construction Industry during COVID-19

COVID-19: Construction Hours Extended to Support Industry

Emma Zajac
Small Business
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Ministerial Media Release | Author: Rob Stokes, Minister for Planning and Public Spaces Construction sites can now operate on weekends and public holidays under new rules introduced today by the NSW Government to support the industry during the COVID-19 pandemic. Planning and Public Spaces Minister Rob Stokes said the move allows workers to abide by…
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