Treasurer Josh Frydenberg has released the key findings of the Treasury department’s Jobkeeper review: 2 million Australians either lost their jobs or saw their household incomes reduced between February and May this year Creating an unemployment rate of 7.4% and effective unemployment rate of 11.3% 30% of
PM Morrison has announced that Jobkeeper will be reduced to $1,200 a fortnight and Jobseeker reduced from $550 to $250. The Jobkeeper scheme will continue at a reduced rate for 6 months and cost $16 billion. The payment of $1,200 per fortnight for full-time employees and
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell has urged small business owners to do their homework, before taking out a loan. The warning comes as the Ombudsman’s office issued its second ever notice of refusal to mediate under section 74 of the
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell says the government’s extension to the Coronavirus SME Guarantee Scheme will allow small businesses to access the working capital and investment funds they need. The second phase of the scheme comes into effect from 1
Temporary cash flow boosts will support small and medium businesses and not-for-profit organisations during the economic downturn associated with COVID-19. Eligible businesses and not-for-profit (NFP) organisations who employ staff will receive between $20,000 to $100,000 in cash flow boost amounts by lodging their activity statements
Australians on lower incomes are set to receive further assistance from today as the Morrison Government delivers the second economic support payment. A $750 payment will be made to approximately five million Australians at a cost of $3.8 billion. It will go to social security,
The Victorian Government will provide more support to help businesses and workers through to the other side of the coronavirus pandemic. The Government has announced a $534 million Business Support Package – the latest support measures on top of the $6 billion in economic relief
Treasurer Josh Frydenberg says the Government welcomes today’s announcement by the Australian Banking Association (ABA) on the continued support that will be provided by banks to customers on repayment deferrals. The ABA has today confirmed that banks will continue to support customers who need it
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell says new figures show many café owners are tipping a long road to recovery, highlighting the need for additional support and in some cases, compensation. According to the *Harris Café Report, 80% of small business
The Australian Small Business and Family Enterprise Ombudsman Kate Carnell is backing the nation’s peak accounting bodies which have today called on the Government to provide small businesses with better access to financial advice through a voucher system. CPA Australia and Chartered Accountants Australia and
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