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Australian Federal Budget 2020-2021

Treasurer Josh Frydenberg released Australia’s federal budget on Tuesday night, detailing steps the Government intends to take in order to boost the economy and recover from the impact of the COVID-19 pandemic. The government forecasts a record $213.7 billion deficit,...

Third Round of Support Fund Grants for Victorian Businesses

Business Support Fund The Victorian Government announced yesterday a third round of the Business Support Fund which aims to provide businesses that have been impacted by the restrictions in Victoria with financial support.The amount of grants available range from...

Inflation, deflation

When the inflation rate fell into negative territory in the June quarter, it was so unusual it begged the question of what this means for the economy. Are we facing deflation or even stagflation and what is the difference?In the June quarter the annual inflation...

JobKeeper Update September 2020

JobKeeper Update - September 2020 Eligible employees – from 3 August 2020 A person is an eligible employee for a JobKeeper fortnight starting on or after 3 August 2020 if they are: ⦁ employed by an eligible employer (including if they were stood down or re-hired) at...

Getting retirement plans back on track

After a year when even the best laid plans have been put on hold due to COVID-19, people who were planning to retire soon may be having second thoughts. You may be concerned about a drop in your super balance, insecure work, or an uncertain investment outlook.Whatever...

Director identification numbers now law

Director identification numbers now law  In an effort to reduce the instances of phoenixing, where the controllers of a company deliberately avoid paying liabilities by shutting down indebted companies and transferring assets to another company, a new initiative of...

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