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Explanatory Memorandum - June 2020

Treasury revises down estimated JobKeeper cost by $60 billion The ATO and Treasury have released a joint statement advising that the previous estimate of the number of employers who would access the JobKeeper program was significantly overstated.…
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Client Alert - June 2020

Treasury revises down estimated JobKeeper cost by $60 billion The ATO and Treasury have released a joint statement advising that the previous estimate of the number of employers who would access the JobKeeper program was significantly overstated.…

Being ‘stood down’ is not being sacked

Accountants are fielding lots of questions in the COVID-19 shutdown. One of the most confusing is about standing down staff. IN BRIEF - While being ‘stood down’ sounds like a retrenchment or redundancy, it is not the same. Standing…
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Explanatory Memorandum - April 2020

Coronavirus cash flow boost payments explained As a part of the second round of economic stimulus in response to the COVID-19 pandemic, the Australian Government has legislated a measure to boost cash flow for employers. Put simply, the cash…
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Client Alert - April 2020

Coronavirus cash flow boost payments explained As of the second round of economic stimulus in response to the COVID-19 pandemic, the Australian Government has legislated a measure to boost cash flow for employers. However, small to medium employers…
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Foreign Resident CGT Regime

The government had announced that Australia's foreign resident CGT regime would be extended to deny foreign and temporary tax residents access to the CGT main residence exemption in May 2017. Following consultation, the government had also…
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Explanatory Memorandum - November 2019

Getting the benefit of your business tax losses Made a tax loss? If you’re a sole trader or individual partner, you may be able to apply the loss against other income like salary or investment income, or carry the loss forward to a future…
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Client Alert - November 2019

Getting the benefit of your business tax losses When you’re starting a new business venture, it may take some time before the business becomes profitable. And there may be other situations where an established business operates at a loss…
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SG amnesty resurfaces in Parliament

The proposed SG amnesty is now back on the table after more than a year of uncertainty around the proposed policy. On Wednesday, the government introduced Treasury Laws Amendment (Recovering Unpaid Superannuation) Bill 2019 into Parliament,…