Back to Blog Contents When can employees be stood down without pay? During these unprecedented times, many businesses will be faced with difficult staffing decisions that may be due to government restrictions or operational challenges. Many employees will be stood down during this period, meaning they will remain employed without pay. Under the Fair Work …
Back to Blog Contents Small Business Grant Assistance for Victorian small businesses impacted by coronavirus (COVID-19) As part of the Victorian Government’s $1.7 billion Economical Survival Package, the $500 million Business Support Fund has been launched to help small businesses survive the impacts of the coronavirus (COVID-19) pandemic and keep people in work. Potential value …
Back to Blog Contents JobKeeper Payment Supporting businesses to retain jobs and stay in business The economic impacts of the Coronavirus pose significant challenges for many businesses – many of which are struggling to retain their employees. Under the JobKeeper Payment, businesses significantly impacted by the Coronavirus outbreak will be able to access a subsidy …
Back to Blog Contents Navigating this difficult crisis Key tips and facts These are indeed unprecedented times with a health crisis which has significantly impacted our economy and way of life. As you know the information, announcements and all sort of stimulus packages etc are being released fast – the amount of information to process and …
Back to Blog Contents SMEs to Receive Rent Waivers, Deferrals National Cabinet Mandatory Code of Conduct 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 of rent and deferrals of rents. Landlords must …
Back to Blog Contents Instant asset write-off expansion The $150,000 instant asset write-off has now been extended until the end of the year As a measure to encourage business investment, the government recently announced it would extend the $150,000 instant asset write-off until 31 December 2020. The extension, which is projected to cost government revenue …
