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The latest Covid wave has continued to cause disruption for many businesses and over the weekend, the NSW Government announced a new $1 billion support package for small to medium businesses to support business recovery in NSW. As these announcements are new, the devil will be in the detail, but below is a high level...
The Federal Treasurer Josh Frydenberg has announced that the Commonwealth will move to wind back support for businesses once 70 percent of a state’s over-16 population is fully vaccinated and at 80 percent the support would cease. In NSW this would mean support would stop before the end of October. However, the NSW Treasurer Dominic...
The Delta variant of Covid-19 is currently wreaking havoc on much of Australia, particularly New South Wales and Victoria. With many retailers and commercial premises closed (or trade significantly restricted due to lockdowns), many businesses and residential tenants are struggling to meet their usual rental commitments. There is also confusion amongst landlords as to what...
On 13 July 2021, the NSW Government announced a comprehensive economic support package worth billions of dollars aimed at helping businesses and people right across the state fight through the current COVID-19 lockdown. The commitment will now be up to $5.1 billion, including more than $1 billion from the Commonwealth as part of a business...
The NSW government has announced grants of between $5,000 and $10,000 for small businesses, payroll tax deferrals for all employers and an extension of the Dine & Discover program as the state battles to contain the latest COVID-19 outbreak. The NSW government is offering small businesses support grants to help alleviate cash flow constraints while...
Prime Minister Scott Morrison and Treasurer Josh Frydenberg have announced that the current $1,500 per fortnight JobKeeper payment will be reduced to $1,200 per fortnight from 28 September, and $750 per fortnight for employees working less than 20 hours a week. From 4 January, the rate will again fall to $1,000 per fortnight, and $650...
Introduction If your small business or not-for-profit organisation has experienced a decline in turnover as a result of COVID-19, you may be eligible for a small business recovery grant of between $500 and $3000. This grant helps small businesses meet the costs of safely reopening or up-scaling operations. These expenses include, but are not limited...
What does the future look like for investors as we ease out of covid-19 imposed isolation and the global ‘economic coma’, and enter the first stages of share market and economic recovery? Emmanuel Calligeris, Chief Investment Officer of GPS Wealth shares his views on what the future holds for the global economy and your investment...
Introduction If you are a commercial or residential landlord and have suffered a reduction in rental income from tenants due to COVID-19, you may be eligible for the NSW Government’s land tax relief. This measure was announced in early April and was the subject of one of our earlier newsletters. We can now advise the application process...
Following our earlier newsletter regarding the NSW State Government Small Business Covid-19 Support Grant we advise that the application process is now available on the Services NSW website. Click here to start the application process which requires you to login or create a My Services NSW account; As a reminder, this grant has been designed...
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