While many businesses are now working remotely for the first time due to the COVID-19 outbreak, there have been global businesses with remote workers for over 10 years. Here’s a few tips that such businesses learned along the way. The move to remote working can present a challenge for those who are accustomed to their …
A legislative package to implement the Government’s economic response to the spread of COVID-19 (coronavirus), announced between 12 and 20 March 2020, has become law. The legislative package contains the following Bills, which received assent on 24 March 2020: • the amended Coronavirus Economic Response Package Omnibus Bill 2020 as Act No 22 of 2020 …
COVID-19 Legislative package is now Australian Law Read More »
The temporary incapacity provisions under the Superannuation Industry (Supervision) (SIS) Regulations may allow individuals suffering from the coronavirus legal early access to their retirement and superannuation savings to ensure they continue to receive income throughout their illness, an SMSF strategist has said. According to I Love SMSF director Grant Abbott, the temporary incapacity rules are …
Qantas will ground all its international flights and temporarily stand down two-thirds of its 30,000 staff until the end of May. The cutbacks, announced this morning, come as Australia’s biggest airline reels from a massive downturn in travel due to coronavirus. Qantas international flights will be suspended from the end of March until May and …
Qantas announces it will stand down two-thirds of its 30,000 staff due to coronavirus. Read More »
The government has unveiled a $17.6 billion stimulus package, including a vastly expanded instant asset write-off and tax-free cash payments to small and medium businesses. Prime Minister Scott Morrison has now announced a suite of measures aimed at stimulating the economy off the back of the World Health Organisation declaring the coronavirus a pandemic. …
The Reserve Bank of Australia (RBA) has announced its decision on the official cash rate for March amid speculation the fallout from COVID-19 would force the bank to ease monetary policy. The RBA has announced its fourth rate cut in the past 12 months, slashing an already historically low interest rate to 0.5 per cent. …