The following measures in relation to temporary visa holders have been announced by the government in response to the Covid-19 pandemic. Further announcements are expected in the near future. Temporary skilled and student visa holders able to access superannuation Acting Minister Tudge has today announced that temporary visa holders will be able to access up…Read More

  The Federal Government has announced (as part of its Coronavirus Stimulus Package) the introduction of a new JobKeeper Payment to assist eligible employers (and self-employed individuals) who have been impacted by the Coronavirus pandemic to continue to pay their workers. The following is a broad summary of the key aspects of the proposed JobKeeper…Read More

1. Income support for individuals From 27 April 2020, the Government will introduce a Coronavirus supplement of $550 per fortnight (payable to individuals currently receiving certain eligible income support payments) and will also temporarily expand access to certain income support payments, over a six-month period. The Government will also provide two separate $750 tax-free payments…Read More

  Tax-free payments for small and medium businesses have been increased to $100,000 each. Small and medium businesses will also now have access to cheap government guaranteed loans as part of the government’s $66 billion Coronavirus rescue package. The $100,000 can be used for wage subsidies. However workers who have been stood down or laid…Read More

  The Australian banking system has decided to defer small business loan repayments for the next six months. This measure will free up $8 billion to support borrowers through the Coronavirus crisis. Cases involving hardship related to mortgage payments are also open to consideration by the banks. Australian Banking Association chief executive Anna Bligh has…Read More

The NSW Government has announced that it will provide an economic stimulus package worth $2.3 billion dollars to safeguard the community from the Coronavirus outbreak and protect jobs over the next six months. The package is comprised of two main components. One is $700 million in extra health funding; the other is $1.6 billion dollars…Read More

As part of the government’s response to the Coronavirus epidemic, the government has included in its stimulus package a measure which will boost cash flow for businesses. This particular measure will provide small and medium-sized businesses up to $25,000 in payments with a minimum payment of $2,000 for eligible businesses. Businesses with an aggregated annual…Read More