Parliament passes bill on tax-free COVID-19 support payments

COVID-19 support payments to individuals and businesses will now be tax-free after a new bill was passed by both houses on Monday.

by | 10 Aug, 2021

Government committee hands down franking credit report

The Treasury Laws Amendment (COVID-19 Economic Response No. 2) Bill 2021 finally passed both houses without amendment on Monday after the Senate agreed not to insist on a transparency measure which would have forced businesses to disclose how much they received in JobKeeper wage subsidies.

Read more at Accountants Daily.

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