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Only 1m Aussies to remain on JobKeeper in 2021 to contain debt pile

Only 1m Aussies to remain on JobKeeper in 2021 to contain debt pile

by Shared by MyBusiness | Jul 22, 2020 | News

At the moment, JobKeeper in its entirety, as a 12-month program, is expected to cost Australia $86 billion. Right now, it’s supporting around 3.5 million workers or 960,000 businesses, but come Christmas the number of employees on the payment is predicted to drop by...
JobKeeper 2.0 announced: Two-tiered scheme to help businesses into 2021

JobKeeper 2.0 announced: Two-tiered scheme to help businesses into 2021

by Maja Garaca Djurdjevic | Jul 22, 2020 | News

With the current JobKeeper scheme due to end on 27 September, the government has introduced a two-tiered, scaled-down successor for employers that remain eligible, removing the adverse incentives created by the original scheme. While the JobKeeper review did find that...
Local COVID-19 vaccine researchers warned of cyber attack threat

Local COVID-19 vaccine researchers warned of cyber attack threat

by Shared by The Age | Jul 21, 2020 | News

Industry insiders said Australia’s world-leading research made it a target for state and non-state actors, with experts warning hackers aren’t just looking for vaccine and treatment blueprints, but also for information about supply chain logistics,...
Division 7A relief available to SMSFs, ATO confirms

Division 7A relief available to SMSFs, ATO confirms

by Shared by Accountants Daily | Jul 21, 2020 | News

In the lead-up to 30 June this year, the ATO announced it would allow an extension of time to meet the minimum yearly repayment for a complying Division 7A loan for those impacted by COVID-19. Read more at Accountants Daily. 
ASBFEO pushes advice subsidy ahead of potential insolvency spike

ASBFEO pushes advice subsidy ahead of potential insolvency spike

by Shared by MyBusiness | Jul 21, 2020 | News

Remarking on the final report from the Insolvency Practices Inquiry, Ms Carnell said the system needs to change dramatically so that small-business owners are given the chance to make important decisions about the future of their business. Read more at...
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