Pioneering thought — Sladen Legal

COVID-19

, ,

COVID-19: JobKeeper – further details on Alternative Decline in turnover test

, ,
COVID-19: JobKeeper – further details on Alternative Decline in turnover test

As part of the continued economic response to COVID-19, the Deputy Commissioner of the Australian Taxation Office (ATO) has recently made a determination pursuant to subsection 20(4) of the Coronavirus Economic Response Package (Payments and Benefits) Act 2020, outlining further tests under which an entity may satisfy the decline in turnover required in order to receive JobKeeper payments. This article discusses the various new “alternative” tests that an entity may utilise under the determination.

, ,

COVID-19: “JobKeeper is Go” - legislation passed

, ,
COVID-19: “JobKeeper is Go” - legislation passed

On 9 April 2020, the JobKeeper legislation received Royal Assent and the Treasurer issued the Rules that govern eligibility for JobKeeper until the schemes planned end on 27 September 2020. This article sets out the operation of the JobKeeper scheme.

Employment Law Benefits of JobKeeper

Employment Law Benefits of JobKeeper

Federal Parliament has recently legislated its $130 billion JobKeeper scheme. This will result in approximately 6 million workers receiving a fortnightly payment of $1,500 through their employer. These employees must have been employed at 1 March 2020 and remain employed during this time.

,

COVID-19: The ATO announces further superannuation measures

,
COVID-19: The ATO announces further superannuation measures

Further to the COVID-19 superannuation measures that we discussed here, the Australian Taxation Office (ATO), on 3 April 2020, announced further details around, and new measures concerning, COVID-19 and superannuation.

, ,

COVID-19 – State and Territory Payroll Tax Stimulus Measures

, ,
COVID-19 – State and Territory Payroll Tax Stimulus Measures

State and territory revenue offices continue to make announcements in response to the COVID-19 crisis. Relevant to many businesses will be the numerous payroll tax changes. The changes include waivers and deferrals for eligible businesses as well as the bringing forward of cuts to tax-free thresholds in some jurisdictions.

, ,

COVID-19: further detail on JobKeeper payments

, ,
COVID-19: further detail on JobKeeper payments

Further to my article on the COVID-19 JobKeeper measure, and pending the release of legislation, on 5 April 2020 Treasury further updated and expanded its JobKeeper fact sheets and included a ‘frequently asked questions’ (FAQ) document.

, ,

Sladen Snippet: COVID-19 – changes to foreign investment review regime announced

, ,
Sladen Snippet: COVID-19 – changes to foreign investment review regime announced

On 29 March 2020 the Federal Government announced changes to the foreign investment review regime as Australia continues to deal with the economic implications of COVID-19.

Once the legislation is passed, effective from 29 March 2020, all proposed foreign investment into Australia subject to the Foreign Acquisitions and Takeovers Act 1975 will require approval, regardless of the value of the investment or nature of the foreign investor. This is to be achieved by reducing to $0 the monetary screening thresholds for all foreign investment under the Act.

, ,

Sladen Snippet: COVID-19: ‘JobKeeper’ support payment

, ,
Sladen Snippet: COVID-19: ‘JobKeeper’ support payment

As foreshadowed in our earlier article, on 30 March 2020 the Federal Government announced further COVID-19 business support – the JobKeeper Payment.

Under the JobKeeper Payment, businesses significantly affected by Coronavirus outbreak be able to access a subsidy from the Government to continue paying their employees.

,

COVID-19: Government and ATO support available

,
COVID-19: Government and ATO support available

The COVID-19 virus is having a devastating effect on Australian businesses.

Federal, State, and Territory Governments have introduced a range of business stimulus measures and the Australian Taxation Office (ATO) is supplying administrative support to affected taxpayers. We expect further support initiatives as the crisis unfolds.

An update from Sladen Legal regarding COVID-19

An update from Sladen Legal regarding COVID-19

The Coronavirus (COVID-19) is having a significant impact across Australia. At Sladen Legal we remain acutely aware of the impact this is having, and may continue to have for the foreseeable future, for our clients. We are taking a position of ‘business as usual’ with our offices still being attended, whilst keeping abreast of the evolving direction from various authorities.