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Economic recovery could be slower than anticipated: RBA

Economic recovery could be slower than anticipated: RBA

by Shared by Accountants Daily | Aug 10, 2020 | News

In its monthly monetary policy update, RBA assistant governor Luci Ellis outlined three scenarios which the economy could take depending on how quickly the virus is contained and restrictions lifted. Read more at the Accountants Daily. 
JobKeeper 2.0 expands by $15.6bn to support more businesses

JobKeeper 2.0 expands by $15.6bn to support more businesses

by Maja Garaca Djurdjevic | Aug 9, 2020 | News

The government has approved tweaks to JobKeeper to alleviate the effect of the economic deterioration in Victoria, which will see more firms needing to rely on the wage subsidy, by adding another $15.6 billion to scheme and bringing the total cost of the program to...
Royal commissions a result of government distrust: Hayne

Royal commissions a result of government distrust: Hayne

by Shared by the ifa | Aug 9, 2020 | News

Addressing Victoria University’s Sir Zelman Cowen Centre for legal training on Wednesday, Mr Hayne said the degradation of political debate and resulting lack of trust across Australian and other developed economies’ governments had meant that the public no longer...
MP welcomes ASBFEO inquiry as more SMEs refused insurance

MP welcomes ASBFEO inquiry as more SMEs refused insurance

by Shared by MyBusiness | Aug 9, 2020 | News

Mr Wilkie noted in his Tasmanian electorate of a growing trend of insurance companies refusing to provide cover to small businesses or charging sky-high prices for protection. Read more at MyBusiness. 
ATO pencils October start date for tax audits

ATO pencils October start date for tax audits

by Shared by Accountants Daily | Aug 9, 2020 | News

ATO second commissioner Jeremy Hirschhorn told a Senate Select Committee on COVID-19 last week that the Tax Office has refrained from initiating new audits since the pandemic hit, redeploying its auditors instead to deal with the rollout of stimulus measures,...
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