Insights

On Tuesday, 29th March, Federal Treasurer Josh Frydenberg delivered the 2022/23 Federal Budget, focused on supporting Australians against the rising cost of living, and build the post-pandemic recovery for the economy as this begins to take shape.

This has been a quarter of drama from extreme weather events to devastating wars, from hype around inflation to hype of rising interest rates, from the passing of sporting icons to the commencement of the winter football codes – our thoughts are with everyone that has been affected.

As Australia re-opens its international borders in a return to ‘normal’ life following forced closures throughout the COVID-19 pandemic, many expatriates may be considering this as an ideal time to return home to family and friends – resettling life back Down Under.

In our latest Building Your Business podcast episode, Chris Lewis hosts Andrew Staehr - Director & Partner, Archers - the Strata Professionals and Smiljan Jankovic as they provide in-depth insights into body corporate and community management within the developer engagement process for the Building & Construction industry. Alongside this, each provide a focus on building realistic body corporate budgets and what this means following the completion of a project.

As we approach the end of the Fringe Benefit Tax year for 2021/22, it is important for SME businesses to continue to maintain obligations ahead of the 31 March Year-End date.

For QBCC licence holders of Self-Certifying Category 1 (SC 1) and Self-Certifying Category 2 (SC 2), a reminder you have until 31 March 2022 to submit your annual financial information, outlining compliance with requirements.

For operators within the Building & Construction industry, maintaining regulatory compliance and financial reporting is essential in complying with obligations set by the Queensland Building & Construction Commission, ensuring continuation of QBCC license and the ability to complete and undertake new projects & work.

In response to the impacts of the recent South-East Queensland rainfall and flooding, the Queensland Government has announced the release of its ‘Extraordinary Disaster Assistance Recovery Grants’, designed to support affected small businesses in their recovery.

Following the ‘Disaster Recovery Payment’ program released in support of those affected by the South-East Queensland floods, further financial aid has now been released through the ‘Disaster Recovery Allowance – February 2022’ payment program.

We would like to extend our thoughts to those facing hardship or who may have been impacted by the recent floods throughout areas of South-East Queensland & NSW.