Stay updated on the latest in Australia’s business and finance sectors. We cover news and all essentials in financial, economic, and local business-related topics. Plus, you can also find significant details that may affect your investments, money, and overall financial health.
We have already delved into various Government programs and initiatives, including JobKeeper payments. We will continue to tackle important events, so you never miss vital facts that may change how you run your business.
M2 Corporate understands the need of our readers to get to the point of stories that matter. It is why we bring timely updates, news, and reports – mostly trending and exciting. More importantly, our goal is for you to be well-informed about the current goings-on in the Australian financial and corporate markets.
It always pays to be in the know. Whether you are a beginner, intermediate, or experienced in the world of finance, you will find useful information here. We recommend that you check back often to get the top stories in business and finance.
Australian State and Territory economic relief and stimulus package
In response to the coronavirus (‘COVID-19’) pandemic currently impacting the economy and businesses generally, each Australian State and Territory Government has announced relief and other support packages as part of the broader economic stimulus measures. To assist tax practitioners and their clients, the NTAA has prepared the following tables which briefly summarise some of the key initiatives announced by each State and Territory Government as at the time of writing.
On 8 April 2020, the Federal Government passed a package of Bills through both Houses of Parliament (which received Royal Assent on 9 April 2020) to give effect to (amongst other things) the JobKeeper Scheme. Subsequent to this, a Legislative Instrument was released by the Treasurer containing the detailed rules of the JobKeeper Payment.
The plan will benefit businesses such as convenience stores in train stations, cafés in government buildings, and restaurants in tourism precincts, such as Elizabeth Quay and Yagan Square. It will also benefit eligible small businesses leasing land from the State, such as caravan park and eco-tourism operators.
The current COVID-19 outbreak continues to increase globally. We are following advice from the World Health Organisation (WHO) and the Australian government in regard to the spread of Coronavirus (COVID-19).
We have been making preparations to avoid unnecessary harm to team members, clients and our local communities. Our foremost concern continues to be preserving the health and well-being of our people and our clients during this period.