Hi everyone, you may be aware of yesterday's announcement from the Federal Government in relation to the new "Jobkeeper" payment, that is designed to enable employers to keep their staff "on the books" even as they experience a downturn in revenue due to Covid-19. The main points are: - employers must have a reduction of revenue of at least 30% due to Covid-19 (must be able to proof) - eligible employees are those who were employed as at 1 March 2020, either full time, part

We hope everyone is doing ok out there! In this post we would just like to provide a short summary of the various support measures that are available to businesses and individuals during this very difficult time. The main measures for businesses are: Boosting Cash Flow - Up to $100,000 credit or cash payment against activity statements equal to 100% of PAYG withheld from employees from March 2020 to September 2020 - Minimum payment of up to $20,000 even if employers aren’t