The Queensland Government has announced that they will be doubling the funding of their COVID-19 Job Support Loan scheme due to overwhelming demand. The scheme now totals $1 billion with the extra funding available for businesses who have already submitted their application and have not yet been processed – no new applications will be received.…
The below list provides answers to some of the frequently asked questions associated with the JobKeeper scheme. Please don’t hesitate to call our office If you require further clarification or have any other questions. Do businesses have to meet the decline in turnover test on an ongoing basis?The answer is No. Whilst a business must…
The Federal Government passed a package of Bills through both Houses of Parliament on 8 April 2020 (received Royal Assent on 9 April 2020), to give effect to (amongst other things) the JobKeeper Scheme. Subsequent to this, a Legislative Instrument was released by the Treasurer containing the detailed rules of the JobKeeper Payment. See below…
The Australian Government has announced that wage subsidies will be paid to businesses significantly impacted by the Coronavirus. The legislation/law is being drafted and needs to pass Parliament. No further updates/guidance is available at this time. The Government will pay businesses $1,500 per fortnight per employee for up to 6 months. The aim of the…
The Queensland Government $500 million COVID-19 Jobs Support Loans scheme is being provided to assist Queensland businesses financially impacted by COVID-19 to retain employees and maintain their operations. We can assist you by compiling the information needed to complete your application, just let us know. Loan features Maximum loan up to $250,000 No repayments…
The Government has announced a second economic stimulus package package detailing further support available to assist businesses throughout the Coronavirus outbreak. The following measures are in addition to those outlined in the first economic stimulus and we have summarised them for you as follows: Support for Individuals Support for Retirees Support for Businesses Please note…
Today the Prime Minister has announced a $17.6 billion economic plan to support the Australian economy as we deal with the impacts of the Coronavirus. The focus of this stimulus package is to help small and medium businesses stay in business and keep Australians in jobs. Small businesses will benefit from the stimulus with the…