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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…
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…
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…
What Lock Down Support is Available for Individuals

COVID19: What Lock Down 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 through your MyGov account if you have created and linked a Centrelink…
Businesses in NSW can now expect new support payments and larger grants, while individuals are set to receive increased disaster payments as the state battens down the hatches in the face of an extended lockdown.

New NSW Support Measures: Everything We Know So Far

Businesses in NSW can now expect new support payments and larger grants, while individuals are set to receive increased disaster payments as the state battens down the hatches in the face of an extended lockdown. Here’s a list of key measures announced so far: New business support payments: A new direct payment to be made…
Business in a post pandemic environment

Business in a Post Pandemic Environment

Countries that have experienced the worst of the pandemic give Australian businesses an insight into what to expect in a post-lockdown environment. Australia, like New Zealand, has managed COVID-19 on an elimination basis. That is, lockdowns and border closures to keep the virus out. And, it has worked comparatively well with New Zealand suffering 26…
Lock-downs: What help is available

Lock-Downs: What Help is Available

The highly infectious Delta COVID variant is triggering lock-downs across the country. We look at what help is available and how you can get it. FOR YOU COVID-19 Disaster Payment The COVID-19 disaster payment is available to eligible workers who can’t attend work or who have lost income because of a lockdown and don’t have…
Scott Morrison Disaster Relief Payments COVID Lockdown

What Lock Down Support is Available?

With Sydney in lockdown, some of the media have suggested that a $500 payment is available to “everyone”. But as we know, the devil is always in the detail.   We’ve briefly outlined the disaster payments available to individuals during lockdown below.   What lockdown support is available? If you can’t work because you or…
ATO eyes side hustles this tax time

ATO Eyes Side Hustles This Tax Time

The ATO is cracking down on the cash and gig economies, and taxpayers must ensure that they are declaring all of their odd jobs and freelance work on their tax return, says one industry body. While gig economy workers often earn their income as independent contractors, the term broadly includes people who earn income from…
PM announces COVID disaster payment

Morrison Announces COVID Disaster Payment

The temporary payment will be made on a week-by-week basis to those suffering lost income in Commonwealth-declared hotspots. Prime Minister Scott Morrison on Thursday announced a new temporary COVID disaster payment which will provide financial support for areas defined as COVID-19 national hotspots and are undergoing lockdown for more than seven days. Workers who are…
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