The Victorian Government has just announced one of their own measures to help the business community in the light of the coronavirus outbreak. The $500 million Business Support Fund is designed to support business and to keep people in work, and is part of a larger $1.7 billion Economic Survival Package.
Hot on the heels of the first stimulus package, the Federal government has just announced another round of measures to support individuals and business. We’ve outlined these below, and have included links to the official government policy documents so you can access comprehensive information, direct from the source.
Superannuation is under the spotlight again, with an estimated $2.3 billion in unpaid contributions being estimated by the ATO in 2016-2017. New laws have just been passed offering a 6 month amnesty for employers who have underpaid the superannuation guarantee.
In response to the COVID-19 pandemic, the Morrison government has recently announced a stimulus package that is heavily targeted towards businesses. We answer your questions here, in relation to the business and individual stimulus measures.
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