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Federal Government’s JobKeeper Payment wage subsidy announced
On 30 March 2020, the Federal Government announced details of a new wage subsidy called the ‘JobKeeper Payment’. Employers that... read more
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New Victorian Government grant announced for small businesses
On 28 March 2020, the Victorian Premier announced a new Government grant of $10,000 that will be available to small... read more
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Recently announced bank concessions
Following the Reserve Bank of Australia’s (RBA) meeting on 19 March 2020, we have collated the key points and a... read more
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The concept of Force Majeure
The concept of Force Majeure refers to an unforeseeable event that could not have been contemplated when an agreement was... read more
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Details of further stimulus packages announced
Amid the forced closure of Australian non-essential businesses, social distancing and consumer sentiment, many Australian businesses are now facing dire... read more
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Deferral of loan repayments for small business
On 20 March 2020, the Australian Banking Association announced a suite of measures that Australia’s banks will implement to assist... read more
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Assistance provided by ATO to businesses
The Australian Taxation Office (ATO) has released information relating to the support they will provide to businesses in these unprecedented... read more
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Banks Group’s response to COVID-19
BANKS GROUP IS SUPPORTING YOU REMOTELY Due to recent developments and advice issued by government and health authorities regarding the... read more
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Federal Government releases stimulus package
Responding to the extremely challenging economic environment, the Government today (12 March 2020) released a stimulus package which is designed... read more
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Amendments to Trust Deed may be required to avoid penalty stamp duty arising
Where a discretionary trust purchases residential property, the discretionary trust will be liable to pay a higher rate of stamp... read more