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Treasurer hints JobKeeper flat rate could be tweaked post-July

Treasurer hints JobKeeper flat rate could be tweaked post-July

by Shared by MyBusiness | Jun 4, 2020 | News

Speaking to Parliament on Wednesday, Treasurer Josh Frydenberg confirmed that the review of the government’s $70 billion JobKeeper program has commenced and is expected to be concluded at the end of June. Read more at MyBusiness. 
Directors disqualified over phoenix activity

Directors disqualified over phoenix activity

by Shared by Accountants Daily | Jun 4, 2020 | News

ASIC has moved to disqualify four directors across Australia following investigations into separate cases of alleged illegal phoenixing. Read more at the Accountants Daily. 
Super guarantee obligations amended to cater to JobKeeper

Super guarantee obligations amended to cater to JobKeeper

by Maja Garaca Djurdjevic | Jun 3, 2020 | News

In particular, the Superannuation Guarantee (Administration) Amendment (Jobkeeper Payment) Regulations 2020 specify that amounts of salary or wages that do not relate to the performance of work, and are only paid to satisfy the wage condition for JobKeeper, are...
Australia in its first recession in 29 years

Australia in its first recession in 29 years

by Shared by the ABC | Jun 3, 2020 | News

This makes it certain that Australia will suffer its first recession in 29 years, as the full impact of coronavirus-related shutdowns occurred during the current June quarter. Read more at ABC. 
FWC backs employer’s leave request under JobKeeper

FWC backs employer’s leave request under JobKeeper

by Shared by MyBusiness | Jun 3, 2020 | News

The Fair Work Commission (FWC) has sided with the employer, who ordered a retail worker to take paid annual leave on the basis of one full day’s leave per week for the next four months to safeguard the Swedish clothing store’s “economic position”. Read more at...
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