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Economic figures ‘sobering’ as Australia faces largest deficit in history

Economic figures ‘sobering’ as Australia faces largest deficit in history

by Shared by the ABC | May 12, 2020 | News

The 2020-21 Federal Budget was due to be released today, but the Government was forced to delay until October as it seeks to come to terms with the full economic cost of the coronavirus pandemic. Read more at the ABC. 
NALI for no rent relief has ‘no sound basis’

NALI for no rent relief has ‘no sound basis’

by Shared by SMSF Adviser | May 12, 2020 | Blog

Such a situation would be no different if the rent established at the commencement of a lease is set to align with the prevailing market rental and several years later the market value of rent for those premises in that location increases substantially, according to...
PM rules out winding back JobKeeper as uptake jumps

PM rules out winding back JobKeeper as uptake jumps

by Shared by MyBusiness | May 12, 2020 | News

Asked whether the Treasury will truncate or alter the program before its official expiry date in September, the Prime Minister told media on Monday: “We’ve still got a long way to go.” Read more at MyBusiness. 
APRA figures reveal late paying funds in the minority

APRA figures reveal late paying funds in the minority

by Shared by the ifa | May 12, 2020 | News

The prudential regulator’s early release data from the week ending 3 May revealed that super funds issued early release payments worth around $6.3 billion to 830,000 members, with an average payment size of $7629. Read more at the ifa. 
PM rules out winding back JobKeeper as uptake jumps

States will pay dearly if coronavirus restrictions are forced to return, Frydenberg warns

by Shared by the ABC | May 12, 2020 | News

Josh Frydenberg was due to deliver the Budget tonight, but with COVID-19 throwing the economy into chaos, he will instead deliver a scaled-back financial statement to Parliament. Read more at the ABC. 
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