2020-21 Australian Federal Budget announced
The Federal budget was announced on Tuesday 6th October after a delay due to the coronavirus pandemic. Treasurer Josh Frydenberg said it would focus heavily on job creation in order to pull the country out of the economic crisis it faces. With uncertainty remaining until a vaccine for Covid-19 is available, there will likely be more announcements as circumstances change over time. Some of the key measures in the budget are: Tax cuts Lower and middle income earners will receiv
JobKeeper Payment Extension – What do You Need to do Now?
From 28 September, the JobKeeper payment scheme enters the next phase seeing the payment extended until 28 March 2021. There are two separate extension periods, each of which is tested separately for eligibility based on business turnover. Extension 1 – 28 September 2020 to 3 January 2021 Extension 2 – 4 January 2021 to 28 March 2021 What has Changed? From now on, there are two tiers of payment based on the total hours an employee or business participant worked during their r
