In Focus: Advisory Boards A fresh set of eyes

In Focus: Advisory Boards A fresh set of eyes Following on from our recent series of articles with respect to shadow directors and the distinction between directors and professional advisors, this edition of In Focus reviews the concept of the advisory board. Advisory boards have become increasingly prevalent over the last [...]

2020-08-20T18:13:45+10:00August 20th, 2020|

Land tax relief for Victorian landlords

Land tax relief for Victorian landlords Landlords of residential and commercial properties who provide a 50% or more outright rent waiver of at least 3 months’ rent to eligible tenants can claim a 50% waiver of the property’s 2020 land tax and defer payment of the remaining tax to 31 March [...]

2020-08-20T16:35:35+10:00August 20th, 2020|

JobKeeper: More employees from 3 August? Your must do

JobKeeper: More employees from 3 August? Your must do On 21 July 2020, the Government announced that the JobKeeper Payment would be extended until 28 March 2021 to provide further support for COVID-19 affected businesses and households, with tightened eligibility rules and lowered payment rates, from 28 September 2020. As part [...]

2020-08-20T16:33:16+10:00August 18th, 2020|

In Focus: Special Purpose Liquidations

In Focus: Special Purpose Liquidations In this edition of In Focus, Hall Chadwick Partner Blair Pleash explains the role and application of Special Purpose Liquidations given certain scenarios and consideration of Section 447A of the Corporations Act. Read In Focus August 2020. If you have questions about this topic,  please contact [...]

2020-08-13T14:29:35+10:00August 13th, 2020|

More detail on extended support for Victorian businesses

More detail on extended support for Victorian businesses Today the Victorian Government said it has processed an additional $120 million in the second round of the Business Support Fund. This includes: Businesses in Melbourne and Mitchell Shire may apply for support up to $10,000 Businesses in regional Victoria may apply for [...]

2020-08-11T16:49:46+10:00August 11th, 2020|

Government revises JobKeeper payment extension rules

Government revises JobKeeper payment extension rules The Federal Government has reconsidered its position on the tightening of JobKeeper eligibility rules and lowered payment rates (announced 21 July). Download this Business Update The JobKeeper Payment, which was originally due to run until 27 September 2020, will continue to be available to eligible [...]

2020-08-19T17:22:18+10:00August 8th, 2020|

Extended Support for New Economic Restrictions on Victorian businesses

Extended support for Economic Restrictions on Victorian businesses Stage 4 restrictions are in place in Victoria. With these restrictions come a series of directions on the operation of businesses in certain industries until mid-September unless advised otherwise by the Victorian government. The Business Support Fund will be expanded in recognition of [...]

2020-08-11T16:14:46+10:00August 4th, 2020|

Business Update July 2020

Business Update July 2020 Download this Business Update In this we include: JobKeeper Extension, what this means for businesses and employees Support packages for Victorian businesses Coronavirus SME Guarantee Scheme Company directors required to have an Identification Number (DIN) JobKeeper Extension On Tuesday 21 July 2020, the Government announced its plan [...]

2020-08-11T16:05:37+10:00July 23rd, 2020|

Director Identification Numbers set to provide traceability of director relationships

Director Identification Numbers set to provide traceability of director relationships across companies Another tool in the regulatory arsenal to combat phoenix activity has passed parliament and is awaiting royal assent. Read In Focus July 2020 The Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019 (Cth) amends the Corporations Act [...]

2020-07-07T12:40:13+10:00July 7th, 2020|

EOFY Planning: Timing to claim super payment deduction

Getting the timing right to claim employee super payment deduction With many businesses finalising their EOFY plans and looking to claim a deduction in the 2020 tax year for the June quarter’s contributions, the timing of employee superannuation payments is crucial. Employers should take into account the processing time of the clearing house [...]

2020-06-18T15:32:28+10:00June 18th, 2020|