Our latest insights

The Government has delivered a once in a lifetime Federal Budget in response to COVID-19.

Further to our article regarding the Treasurer’s announcement on 9 September 2020, the Queensland Government yesterday released administrative guidelines for introducing a duty exemption for some small business restructures in the form of Public Ruling DA000.16.1.

The New South Wales Government has moved to extend rent relief measures for commercial tenancies, providing an additional land tax concession to commercial landlords who provide relief.

On 15 September 2020 the Federal Treasurer Josh Frydenberg released the Coronavirus Economic Response Package (Payments and Benefits) Amendment Rules (No. 8) 2020 (and Explanatory Statement).

The Hon. Rob Lucas, Treasurer of South Australia last week announced the extension and expansion of the State’s COVID-19 rent relief measures.

The Queensland Treasurer announced on Monday that he intends to “abolish” transfer duty for small businesses who wish to restructure for efficiency.

For many businesses, COVID-19 has been a trigger for developing or revising international strategies, with new markets and efficiencies being found in other countries: and India is consistently on the radar as one of the world’s largest economies.

For clubs, mandatory shutdowns due to COVID-19 have been particularly devastating and JobKeeper has been a welcome lifeline to help keep employees on the books.

The government has said the economy needs to ‘grow’ out of the recession. Innovation will be to key to this.

It didn’t take long for the numbers from the Treasurer’s economic update to be blown out with the spike in COVID cases in Melbourne resulting in the current stage 4 restrictions.

This week Prime Minister Scott Morrison and Treasurer Josh Frydenberg revealed the future of JobKeeper and JobSeeker amid concerns the economy could fall off a cliff once the programs end.

Record deficit but Australia remains one of the strongest performing countries in the world