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  • Responding to Coronavirus COVID-19

Responding to Coronavirus COVID-19

Since early March we have witnessed an extraordinary national response to the coronavirus COVID-19 health crisis. Our policy makers have delivered historic stimulus and relief packages, our healthcare system doubled down, borders have been closed and banks and businesses have bent their efforts towards protecting lives and livelihoods.

Halfway through April and there were positive signs the curve is flattening. However we are in this for the long-haul and with most, if not all, major policy announcements made, businesses can now turn their minds to how they will navigate this new normal.

With specialists across business risk, business continuity, workforce, tax, compliance, supply chain and restructuring, we are here to help. This may be an assessment of your risk and cash flow, identifying alternative suppliers, or preparation for meetings with suppliers, banks or the ATO to access additional support or extensions.

What's on offer from the Government?

Stimulus and support will slowly be replaced by deregulation and incentives so that businesses can create the jobs of the future. With JobKeeper extended and refined until March 2021, the Commercial Tenancies Code tied to JobKeeper, they are still important measures to support businesses while they make plans for the future.

Major changes coming to FIRB from 1 January 2021

16 Dec 2020

Major changes coming to FIRB from 1 January 2021

Small Business Restructuring Process to commence in 2021

15 Dec 2020

Small Business Restructuring Process to commence in 2021

Queensland’s ‘jobs first’ budget delivers no surprises

Queensland’s ‘jobs first’ budget delivers no surprises

Missed the deadline for submitting your own EMDG application?

30 Nov 2020

Missed the deadline for submitting your own EMDG application?

Act now to avoid NSW foreign surcharges on discretionary trusts

27 Nov 2020

Act now to avoid NSW foreign surcharges on discretionary trusts

Victoria hands down historic $49b state budget and other revenue changes

25 Nov 2020

Victoria hands down historic $49b state budget and other revenue changes

New South Wales delivers a recovery and reform budget

18 Nov 2020

New South Wales delivers a recovery and reform budget

Tasmanian Budget outlines infrastructure-led recovery

13 Nov 2020

Tasmanian Budget outlines infrastructure-led recovery

South Australia delivers a Budget like no other

11 Nov 2020

South Australia delivers a Budget like no other

Setting the stage for Northern Territory as the “come back capital”

11 Nov 2020

Setting the stage for Northern Territory as the “come back capital”

Project Bank Accounts rebadged for Queensland rollout

10 Nov 2020

Project Bank Accounts rebadged for Queensland rollout

New $250m support program offers payroll tax relief to attract companies to NSW

05 Nov 2020

New $250m support program offers payroll tax relief to attract companies to NSW

Queensland duty exemptions for eligible small business restructures

13 Oct 2020

Queensland duty exemptions for eligible small business restructures

WA Budget cash splash in lead up to State election

09 Oct 2020

WA Budget cash splash in lead up to State election

NSW provides additional land tax relief

29 Sept 2020

NSW provides additional land tax relief

Federal Government announces changes to insolvency laws for Small Business

24 Sept 2020

Federal Government announces changes to insolvency laws for Small Business

Queensland Government extends rent relief provisions, invests $4b in further relief measures

22 Sept 2020

Queensland Government extends rent relief provisions, invests $4b in further relief measures

South Australia extends COVID-19 rent relief and provides $20m boost for tourism

17 Sept 2020

South Australia extends COVID-19 rent relief and provides $20m boost for tourism

ACT rent relief extended for commercial tenants

17 Sept 2020

ACT rent relief extended for commercial tenants

Victorian Premier announces additional $3b business support package

14 Sept 2020

Victorian Premier announces additional $3b business support package

Has Qld stamp duty stopped your restructuring plans?

9 Sept 2020

Has Qld stamp duty stopped your restructuring plans?

Support for businesses impacted by COVID-19

Support for businesses impacted by COVID-19

Unpacking the JobKeeper subsidy

Unpacking the JobKeeper subsidy

Rent relief and the Commercial Tenancies Code

Rent relief and the Commercial Tenancies Code

Navigating the new normal

The message from the Government is to “grow” out of the recession. But with so many unknowns on the horizon, this is easier said than done. From managing your cash flow, through to restructuring and turnaround through and performance optimisation there are many options available to businesses to help weather the uncertainty.

Preserving cash flow and unlocking capital

Find out more

Preserving cash flow and unlocking capital

Redesign your operations

Find out more

Redesign your operations

Restructuring & turnaround

Find out more

Restructuring & turnaround

Essential 8

Find out more

Essential 8

Podcasts

When the economy is at the mercy of the health crisis, and with so many moving parts, it can be hard to make sense of it all. Our leaders reflect on the policy updates, and explore industry trends and the many different ways businesses can flex and pivot during this time. We pull back the curtain to look at the past, the present and the potential future to help you make better decisions.

Mining Boom 3.0 is about being smarter, not necessarily bigger

29 Oct 2020

Mining Boom 3.0 is about being smarter, not necessarily bigger

A once in a lifetime budget

14 Oct 2020

A once in a lifetime budget

The changing shape of retail

30 Sept 2020

The changing shape of retail

A green-led COVID recovery: Australia’s energy week

24 Sept 2020

A green-led COVID recovery: Australia’s energy week

ASX listings to pick up in the run up to Christmas

16 Sept 2020

ASX listings to pick up in the run up to Christmas

Brave new world

9 Sept 2020

Brave new world

Disrupted or disruptor?

2 Sept 2020

Disrupted or disruptor?

Park your innovation dollar here

8 August 2020

Park your innovation dollar here

The future of manufacturing looks optimistic

5 August 2020

The future of manufacturing looks optimistic

No such thing as a quick recovery

29 July 2020

No such thing as a quick recovery

Is COVID-19 the catalyst for a changing of the guard for family business?

22 July 2020

Is COVID-19 the catalyst for a changing of the guard for family business?

Getting your house in order – what happens when the COVID support measures end?

22 July 2020

Getting your house in order – what happens when the COVID support measures end?

When cash is king – where do you turn when the banks pull back?

08 July 2020

When cash is king – where do you turn when the banks pull back?

Is this the death of the CBD?

24 June 2020

Is this the death of the CBD?

Do we need to turn higher education on its head to ensure skills for the future?

17 June 2020

Do we need to turn higher education on its head to ensure skills for the future?

To address our record deficit we need real tax reform

10 June 2020

To address our record deficit we need real tax reform

It’s not a return to work, it’s a redesign of work

03 June 2020

It’s not a return to work, it’s a redesign of work

Riding the storm: Is the partnership model dead?

27 May 2020

Riding the storm: Is the partnership model dead?

Resilient and nimble: how Australia’s producers are adapting to COVID-19

20 May 2020

Resilient and nimble: how Australia’s producers are adapting to COVID-19

Where Minecraft meets history: convergence of the learning and digital worlds

13 May 2020

Where Minecraft meets history: convergence of the learning and digital worlds

Coronavirus and the dark web: if you haven’t experienced a cyberattack yet, you will

6 May 2020

Coronavirus and the dark web: if you haven’t experienced a cyberattack yet, you will

Necessity is the mother of invention: Managing a remote workforce and maintaining engagement

29 April 2020

Necessity is the mother of invention: Managing a remote workforce and maintaining engagement

Gearing up for a manufacturing renaissance

24 April 2020

Gearing up for a manufacturing renaissance

A Darwinian workforce - The environment has changed so much, it’s survival of the fittest

17 April 2020

A Darwinian workforce - The environment has changed so much, it’s survival of the fittest

Residential and commercial real estate feeling the effects from COVID-19

14 April 2020

Residential and commercial real estate feeling the effects from COVID-19

Automation station – how essential retailers are changing our shopping experience

8 April 2020

Automation station – how essential retailers are changing our shopping experience

Harnessing culture in COVID-19

1 April 2020

Harnessing culture in COVID-19

Retailers scramble for innovation in the face of Coronavirus carnage

31 March 2020

Retailers scramble for innovation in the face of Coronavirus carnage

The banks have an important role to play in our economic stability

26 March 2020

The banks have an important role to play in our economic stability

COVID-19 will have a massive impact on our economy

19 March 2020

COVID-19 will have a massive impact on our economy

Australian Tax Office

The Australian Taxation Office (ATO) is encouraging businesses impacted by the coronavirus to get in touch with the ATO to discuss relief options.

Options available to assist businesses impacted by COVID-19 include:

  • Deferring by up to four months the payment date of amounts due through the business activity statement (including PAYG instalments), income tax assessments, fringe benefits tax assessments and excise.
  • Allow businesses on a quarterly reporting cycle to opt into monthly GST reporting in order to get quicker access to GST refunds they may be entitled to.
  • Allowing businesses to vary Pay As You Go (PAYG) instalment amounts to zero for the March 2020 quarter. Businesses that vary their PAYG instalment to zero can also claim a refund for any instalments made for the September 2019 and December 2019 quarters.
  • Remitting any interest and penalties, incurred on or after 23 January 2020, that have been applied to tax liabilities.

Working with affected businesses to help them pay their existing and ongoing tax liabilities by allowing them to enter into low interest payment plans.

Employers will still need to meet their ongoing super guarantee obligations for their employees.

Unlike the bushfire relief measures, which applied automatically to particular geographic areas, assistance measures for those impacted by COVID-19 will not be automatically implemented.

Anyone impacted by COVID-19 is advised to contact the ATO to request assistance on our Emergency Support Infoline 1800 806 218.

Latest news

Setting up a business presence in Australia

03 Dec 2020

Setting up a business presence in Australia

Corporate governance trends in a post-COVID world

03 Dec 2020

Corporate governance trends in a post-COVID world

Retailers brace for Black Friday bonanza

26 Nov 2020

Retailers brace for Black Friday bonanza

Dealtracker 2020

19 Oct 2020

Dealtracker 2020

Taxing the family home edges closer to reality in NSW

18 Nov 2020

Taxing the family home edges closer to reality in NSW

Optimising your back office design for financial viability and better outcomes

18 Nov 2020

Optimising your back office design for financial viability and better outcomes

Biden win changes tax policy and planning outlook

13 Noc 2020

Biden win changes tax policy and planning outlook

A focus on sovereign capability could transform the agribusiness, food and beverage sector

30 Oct 2020

A focus on sovereign capability could transform the agribusiness, food and beverage sector

Sovereign capability and a manufacturing renaissance

30 Oct 2020

Sovereign capability and a manufacturing renaissance

Is there cause for health sector optimism in a COVID-normal world?

30 Oct 2020

Is there cause for health sector optimism in a COVID-normal world?

Professional services is the oil in the engine of economic recovery

30 Oct 2020

Professional services is the oil in the engine of economic recovery

Our financial services sector is resilient but it’s not a bottomless pit

30 Oct 2020

Our financial services sector is resilient but it’s not a bottomless pit

Not-for-profits are an essential service in need of a better framework

30 Oct 2020

Not-for-profits are an essential service in need of a better framework

It’s time to remove the great blind spots in our resource sector

30 Oct 2020

It’s time to remove the great blind spots in our resource sector

COVID-19 sped up changes already afoot in the retail sector. We can adapt.

20 Oct 2020

COVID-19 sped up changes already afoot in the retail sector. We can adapt.

The potential for the energy sector to transform our economy is huge

30 Oct 2020

The potential for the energy sector to transform our economy is huge

Investment in manufacturing is a boon for the life sciences sector

30 Oct 2020

Investment in manufacturing is a boon for the life sciences sector

The education sector will underpin the Government’s plans for economic recovery

30 Oct 2020

The education sector will underpin the Government’s plans for economic recovery

The technology and media sector can lead the new digital economy

30 Oct 2020

The technology and media sector can lead the new digital economy

Looking back to look forward

30 Oct 2020

Looking back to look forward

From a Trust to a Company

22 Oct 2020

From a Trust to a Company

EMDG reform supports access to upfront grant

19 Oct 2020

EMDG reform supports access to upfront grant

Private equity in the mid-market: reshaping strategies for 2021

08 Oct 2020

Private equity in the mid-market: reshaping strategies for 2021

Getting ready for private equity investment

08 Oct 2020

Getting ready for private equity investment

$18b Technology Investment Roadmap

02 Oct 2020

$18b Technology Investment Roadmap

$800m to nurture digital economy

02 Oct 2020

$800m to nurture digital economy

$1.3b “modern manufacturing initiative”

01 Oct 2020

$1.3b “modern manufacturing initiative”

JobKeeper Extension Rules made

JobKeeper Extension Rules made

Victorian Premier announces additional $3b business support package

14 Sept 2020

Victorian Premier announces additional $3b business support package

Five trends shaping retail beyond 2020

9 Sept 2020

Five trends shaping retail beyond 2020

Multitude of privacy layers tested by COVID

7 Sept 2020

Multitude of privacy layers tested by COVID

The critical 5 per cent

2 Sept 2020

The critical 5 per cent

India’s expanded Equalisation Levy

25 Aug 2020

India’s expanded Equalisation Levy

Supporting MSBs to "grow" out of the recession

24 August 2020

Supporting MSBs to "grow" out of the recession

Shift Happens: Australian consumers embrace online retail

18 Aug 2020

Shift Happens: Australian consumers embrace online retail

Impact of JobKeeper on income tax for Clubs

17 August 2020

Impact of JobKeeper on income tax for Clubs

JobKeeper 1.0 expanded and 2.0 relaxed

7 August 2020

JobKeeper 1.0 expanded and 2.0 relaxed

New JobKeeper rate and what this means for independent schools

3 August 2020

New JobKeeper rate and what this means for independent schools

Restaurant industry won't give up the ghost

29 July 2020

Restaurant industry won't give up the ghost

Unpacking the economic update and JobKeeper refined

28 July 2020

Unpacking the economic update and JobKeeper refined

Accessing funding in the current market

27 July 2020

Accessing funding in the current market

Record deficit but some early signs of recovery

23 July 2020

Record deficit but some early signs of recovery

JobKeeper to continue at lower rate with tighter eligibility until 28 March 2021

21 July 2020

JobKeeper to continue at lower rate with tighter eligibility until 28 March 2021

Is an annual tax on the family home the fairest way forward?

16 July 2020

Is an annual tax on the family home the fairest way forward?

Ex gratia for foreign land tax surcharge in Queensland – act now to avoid a significant land tax bill

16 July 2020

Ex gratia for foreign land tax surcharge in Queensland – act now to avoid a significant land tax bill

JobKeeper Assurance providing confidence when the ATO comes calling

29 June 2020

JobKeeper Assurance providing confidence when the ATO comes calling

Tax issues in sale of businesses and arising from COVID-19

25 June 2020

Tax issues in sale of businesses and arising from COVID-19

COVID-19 Rent Relief issues for Landlords and Tenants – a WA perspective

23 June 2020

COVID-19 Rent Relief issues for Landlords and Tenants – a WA perspective

Three challenges the agribusiness, food & beverage industry faces now

11 June 2020

Three challenges the agribusiness, food & beverage industry faces now

Government announces new national security test to commence from 1 January 2021

5 June 2020

Government announces new national security test to commence from 1 January 2021

Grain Trade Australia COVID-19 Webinar Series: Impacts and Issues

02 June 2020

Grain Trade Australia COVID-19 Webinar Series: Impacts and Issues

Prime Minister reveals National Federation Reform approach

29 May 2020

Prime Minister reveals National Federation Reform approach

Rent Relief issues for Landlords and Tenants during COVID-19

27 May 2020

Rent Relief issues for Landlords and Tenants during COVID-19

How retailers are responding to the coronavirus challenge

25 May 2020

How retailers are responding to the coronavirus challenge

Financial reporting implications of COVID-19

22 May 2020

Financial reporting implications of COVID-19

Managing commercial tenancies during COVID-19

21 May 2020

Managing commercial tenancies during COVID-19

Is it time to review your transfer pricing and group structure?

21 May 2020

Is it time to review your transfer pricing and group structure?

Deliberately (re)designing your organisation as you step out of COVID-19

14 May 2020

Deliberately (re)designing your organisation as you step out of COVID-19

Treasurer reveals cost of COVID-19 on the economy

12 May 2020

Treasurer reveals cost of COVID-19 on the economy

Federal Government reveals three stage plan to reset economy

8 May 2020

Federal Government reveals three stage plan to reset economy

Prime Minister says businesses to reopen in July

6 May 2020

Prime Minister says businesses to reopen in July

Conserving cash and attracting investors in the current environment

1 May 2020

Conserving cash and attracting investors in the current environment

Tracking, trust and Team Australia

30 April 2020

Tracking, trust and Team Australia

Employer relief as time for JobKeeper top-up payments further extended

28 April 2020

Employer relief as time for JobKeeper top-up payments further extended

The use of a DOCA in an uncertain economy: is the timing right?

27 April 2020

The use of a DOCA in an uncertain economy: is the timing right?

Beyond coronavirus: a retail existential crisis

24 April 2020

Beyond coronavirus: a retail existential crisis

Survival mode for family businesses during COVID-19

23 April 2020

Survival mode for family businesses during COVID-19

Trading through an earn-out period in the COVID-19 environment

22 April 2020

Trading through an earn-out period in the COVID-19 environment

Takeaway meals now included in NFP salary packaging

21 April 2020

Takeaway meals now included in NFP salary packaging

Understanding the early warning signs of insolvency

21 April 2020

Understanding the early warning signs of insolvency

Rent relief: what do you do if you are your own landlord?

20 April 2020

Rent relief: what do you do if you are your own landlord?

National webinar series: interpreting JobKeeper package rules

15 April 2020

National webinar series: interpreting JobKeeper package rules

States and Territories offer land tax relief

15 April 2020

States and Territories offer land tax relief

JobKeeper legislation passed by Parliament unamended

9 April 2020

JobKeeper legislation passed by Parliament unamended

Mandatory industry code for commercial and retail leases

7 April 2020

Mandatory industry code for commercial and retail leases

Then my whole wide world went Zoom…

7 April 2020

Then my whole wide world went Zoom…

Federal Government’s JobKeeper stimulus and response to COVID-19

7 April 2020

Federal Government’s JobKeeper stimulus and response to COVID-19

Obtaining practical valuation opinions for SMEs in a COVID-19 Environment

7 April 2020

Obtaining practical valuation opinions for SMEs in a COVID-19 Environment

Federal Government’s JobKeeper stimulus and response to COVID-19

7 April 2020

Federal Government’s JobKeeper stimulus and response to COVID-19

Accounting implications of coronavirus (COVID-19)

7 April 2020

Accounting implications of coronavirus (COVID-19)

Ensuring a resilient practice in a time of uncertainty

6 April 2020

Ensuring a resilient practice in a time of uncertainty

Prime Minister says we’re in the suppression phase of the COVID-19 outbreak

3 April 2020

Prime Minister says we’re in the suppression phase of the COVID-19 outbreak

First moves on rent relief

2 April 2020

First moves on rent relief

Free access to childcare and updates on Industry Awards

2 April 2020

Free access to childcare and updates on Industry Awards

New insolvency legislation changes give businesses breathing space

2 April 2020

New insolvency legislation changes give businesses breathing space

South Australian Land Tax - distinguishing between what’s proceeding and what’s on ice

1 April 2020

South Australian Land Tax - distinguishing between what’s proceeding and what’s on ice

$130b "JobKeeper" wage subsidy available to affected businesses

30 March 2020

$130b "JobKeeper" wage subsidy available to affected businesses

Moratorium on evictions and public gatherings reduced to two people

29 March 2020

Moratorium on evictions and public gatherings reduced to two people

$1.1b to support telehealth, mental health and domestic violence support

29 March 2020

$1.1b to support telehealth, mental health and domestic violence support

National Cabinet releases new quarantine measures

27 March 2020

National Cabinet releases new quarantine measures

NSW releases second stage of economic relief in response to coronavirus

27 March 2020

NSW releases second stage of economic relief in response to coronavirus

Tasmania reveals second stimulus, bringing total to $1m in coronavirus relief

26 March 2020

Tasmania reveals second stimulus, bringing total to $1m in coronavirus relief

South Australia lifts coronavirus relief package to $1b

27 March 2020

South Australia lifts coronavirus relief package to $1b

How do you apply GST to barter arrangements?

25 March 2020

How do you apply GST to barter arrangements?

What are the GST implications when offering rent relief?

25 March 2020

What are the GST implications when offering rent relief?

Queensland provides $4b economic relief package in response to COVID-19

24 March 2020

Queensland provides $4b economic relief package in response to COVID-19

New restrictions on non-essential services

25 March 2020

New restrictions on non-essential services

What are the GST implications on cancelled contracts?

25 March 2020

What are the GST implications on cancelled contracts?

Corporate transactions in a volatile market: could alternate finance be for you?

24 March 2020

Corporate transactions in a volatile market: could alternate finance be for you?

ASIC releases 20-068MR Guidelines for meeting upcoming AGM and financial reporting requirements

24 March 2020

ASIC releases 20-068MR Guidelines for meeting upcoming AGM and financial reporting requirements

Financial impact of coronavirus for upcoming financial statements

24 March 2020

Financial impact of coronavirus for upcoming financial statements

Second Federal stimulus provides $66b for those on the coronavirus economic frontline

22 March 2020

Second Federal stimulus provides $66b for those on the coronavirus economic frontline

Victoria delivers State’s largest business support package in response to COVID-19

21 March 2020

Victoria delivers State’s largest business support package in response to COVID-19

More funding for the aged care sector and rent relief on the horizon

20 March 2020

More funding for the aged care sector and rent relief on the horizon

Looking for financial support? Your short to medium term cash flow forecast is critical.

20 March 2020

Looking for financial support? Your short to medium term cash flow forecast is critical.

Reserve Bank Australia to inject liquidity into the market

19 March 2020

Reserve Bank Australia to inject liquidity into the market

Victoria announces $437m health package

19 March 2020

Victoria announces $437m health package

Protecting our older Australians from COVID-19

18 March 2020

Protecting our older Australians from COVID-19

Government stresses sustainable measures to address COVID-19

18 March 2020

Government stresses sustainable measures to address COVID-19

Business continuity management: is your incident response plan up to scratch?

17 March 2020

Business continuity management: is your incident response plan up to scratch?

NSW Government provides $2.3b towards health and economic stimulus

17 March 2020

NSW Government provides $2.3b towards health and economic stimulus

WA provides relief for businesses and households with $607m stimulus package

17 March 2020

WA provides relief for businesses and households with $607m stimulus package

Cyber crime in a time of global panic

16 March 2020

Cyber crime in a time of global panic

$17.6b stimulus package to stave off recession announced today

12 March 2020

$17.6b stimulus package to stave off recession announced today

Government announces $2.4b health package for COVID-19

11 March 2020

Government announces $2.4b health package for COVID-19

How will the Budget respond to recent unprecedented disasters?

10 March 2020

How will the Budget respond to recent unprecedented disasters?

Grant Thornton Australia’s response to coronavirus COVID-19

6 March 2020

Grant Thornton Australia’s response to coronavirus COVID-19

Prime Minister unveils taster of “JobMaker” program

26 May 2020

Prime Minister unveils taster of “JobMaker” program

Keep up to date with the latest alerts

  • World Health Organisation
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