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NSW Budget 2020-2021
November 18th 2020
As with any budget there are “winners’ and “losers”. Yesterdays NSW Budget was no different, with a targeted cash splash aimed at stimulating the state's hard coronavirus-hit economy. L..
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COVID-19: Stand Down Provisions – Application of Fair Work Act
April 6th 2020
read moreThe pending shut downs of non-essential services across parts of Australia may trigger conditions in the Fair Work Act that will allow employers to stand employees down without pay. In a Government ..
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Update: Temporary Reduction in Superannuation Minimum Drawdown Requirements
March 31st 2020
read moreOn 22 March 2020 the Federal Government announced that the minimum pension drawdown rates would be halved for the 2019/2020 and 2020/2021 financial years. This is due to many retirees losing a signifi..
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Reminder: Financial Claims Scheme
March 31st 2020
read moreWe've had several enquiries about concerns around personal funds being held in one bank and whether people are covered by the governments deposit guarantee. Whilst we can't instruct on where you shou..
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COVID-19: Special CIB Private Wealth Market Update
April 3rd 2020
read moreCIB Private Wealth Investment Managers, Paul Israel & Ian Wenham have provided this special Market Update in the wake of the COVID-19 crisis. Given the large falls we have seen in markets we thou..
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COVID-19: Summary of Tax Breaks and Cash Assistance
March 31st 2020
read moreUpdated as at 31 March 2020 Important note: Federal Government measures still need to pass parliament, however Labor has pledged to support the legislation for these measures. Business – Federal Go..
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Stimulus Update: NSW Revenue Provides Details Of The Payroll Tax Rebate
March 25th 2020
read moreFurther clarification from NSW revenue regarding the payroll tax rebate that was posted on Tuesday here. The below clarifies the fact that total Australian Wages is the figure for the $10m threshol..
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NSW Stimulus Update – Government Waives Payroll Tax
March 25th 2020
read moreTodays $2.3 billion stimulus package from the NSW government is designed to strengthen the already under pressure health system and deliver valuable tax cuts for businesses. The package includes ..
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Proposed Stimulus Package – Here’s What We Know
March 25th 2020
read moreYou’d have seen by now the governments proposed stimulus package, set to pump billions into the economy in an attempt to avoid a recession as businesses take a hit from the spread of COVID-19. Th..
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GIC & SIC Rates
February 14th 2020
read moreThe ATO has published general interest charge (GIC) and shortfall interest charge (SIC) rates for the first quarter of the 2019-20 income year. The GIC annual rate for July – September 2019 is 8...
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