JobKeeper payments will drop to between $750 and $1,200 per fortnight beyond September, with eligibility tightened, the government has revealed. Prime Minister Scott Morrison and Treasurer Josh Frydenberg have announced that the current $1,500 per fortnight JobKeeper...
An employment termination payment (ETP) is a lump sum payment made to an employee when their job is terminated. ETPs are generally made up of unused sick leave or unused rostered days off, payment in lieu of leave, or genuine redundancy payments, etc. For some...
An increase to the minimum wage of 1.75% will start rolling out for the first full pay period from 1 July 2020. The increase applies to minimum rates in awards in 3 stages: Group 1 Awards – from 1 July 2020 Frontline Heath Care & Social Assistance Workers...
We always knew that a Government scheme swiftly distributing cash during a crisis was going to come with equally swift compliance and review measures, particularly when eligibility was self-assessed. Two major Australian Taxation Office (ATO) initiatives are searching...
Xero customers are looking for tools to help manage their business during these challenging times and Xero has responded with three new features* to help you explore: Short-term cash flow projection of your bank balance over the next 30 days. A business snapshot...
The JobKeeper payment is a subsidy of $1,500 per fortnight per eligible employee paid in arrears to the employer by the ATO. It’s for businesses that have suffered a detrimental decline in business because of COVID-19 to help keep their staff employed. To receive the...