Insights

As the ever-changing circumstances surrounding COVID-19 continue to impact the business environment and day-to-day commercial operations, SME business owners need to be fully prepared to face the uncertain challenges which may arise in the immediate future.

For those operating in the Management Rights industry, the impacts of COVID-19 has created a strong level of uncertainty, with effects felt across both permanent & short-term letting businesses.

Over the last 24 hours, the Federal Government has announced the introduction of its mandatory Code of Conduct for Commercial Landlords & Tenants.

As we begin the 2020 Fringe Benefit Tax Year, it is important for businesses to continue to maintain their tax obligations - staying current and compliant during this especially uncertain time.

We’ve highlighted the new key measures of support set in place over the last few days by the Federal Government & other bodies to provide assistance to SME businesses, facing on-going challenges as a result of COVID-19.

The QLD Government has now opened applications for the previously announced COVID-19 Jobs Support Loan Scheme.

Earlier today, the Queensland State Government announced its extended economic rescue package - providing an additional $4 billion in financial aid measures.

The Federal Government has announced its second stage release to their Economic Stimulus Package in response to COVID-19.

To assist businesses experiencing financial difficulty as a result of the Coronavirus (COVID-19) outbreak, the Australian Tax Office (ATO) as announced the following relief options:

In response to ever-changing circumstances involving the Coronavirus (COVID-19), the Federal Government has announced their new Economic Stimulus Package - dedicating a $17.6 billion economic plan.