Victorian Government Business Support Package

Victorian Government Business Support Package New Expanded Business Support Fund – New $5,000 Grant + Others   The Victorian Government has expanded its Business Support Fund with a new $534m Business Support Package released on 13 July 2020.  Please refer to the link below to apply or register your interest for any of the new…

Minimum Pension Reduction – 30 June 2020 & 30 June 2021

The government has halved the minimum pension drawdown requirements for the 2019-2020 and 2020-2021 financial years.  The reduced pension drawdown requirements are aimed at helping preserve the capital in an individual’s pension account. This halving of the minimum pension annual drawdown requirement applies to individuals with account based pensions, allocated pensions or market linked pensions…

JobKeeper Update & Reminder

With the introduction of the JobKeeper legislation and the various ATO and Treasury Explanatory Memorandums and updates, it is timely to re-visit as an employer what you need to do from here for the JobKeeper scheme which runs from the 30 March 2020 to 27 September 2020. Enrolment Review and ensure all eligible employees have…