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RBA decision to provide desperately needed cash flow, says expert

RBA decision to provide desperately needed cash flow, says expert

by Shared by MyBusiness | Sep 1, 2020 | News

As was widely expected, the RBA decided to keep the official cash rate on hold at 0.25 of a percentage point.   Read more at MyBusiness. 
ATO eyes ‘unusual or unexpected’ PAYG cash-flow boost changes

ATO eyes ‘unusual or unexpected’ PAYG cash-flow boost changes

by Shared by Accountants Daily | Sep 1, 2020 | News

The ATO is concerned that some businesses who have received the $20,000 to $100,000 cash-flow boost have made either an honest mistake or undertaken a fraudulent arrangement to increase the amount they receive. Read more at the Accountants Daily. 
Super amnesty deadline looms, businesses face penalties

Super amnesty deadline looms, businesses face penalties

by Maja Garaca Djurdjevic | Sep 1, 2020 | News

The legislated SG amnesty gives a one-off amnesty to employers, offering them an opportunity to get up to date with outstanding super payments to current and past employees, without being slugged with the harsh penalties that usually apply.  This applies to the...
SMSF trustee ordered to give security for costs for defamation action

SMSF trustee ordered to give security for costs for defamation action

by Shared by SMSF Adviser | Sep 1, 2020 | News

The case Ross v Crawford [2020] WADC 117 involved an application to the District Court of Western Australia for security for costs by the defendant in relation to damages sought by the plaintiff for a number of publications which were allegedly defamatory. Read more...
Vic businesses hit Andrews government with class action claim

Vic businesses hit Andrews government with class action claim

by Shared by MyBusiness | Aug 31, 2020 | News

Damian Scattini, a partner at Sydney-based Quinn Emanuel Urquhart & Sullivan, told MyBusiness that he served the Victorian government with an open class action lawsuit on 21 August, after his office was approached by businesses across the spectrum — from pubs,...
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