Money
Despite signs that the economy is picking up, Australia’s small businesses are running on empty, with half saying they will run out of cash reserves by December, according to new data from Allianz.
Money
In response to the effects on the economy of the stage 4 lockdowns in Melbourne, the government has eased the criteria around the eligibility test for JobKeeper.
Wellbeing
Coronavirus update: VIC records 723 new diagnoses, 3 NSW schools close, QLD charges women over false declaration.
Money
Treasurer Josh Frydenberg says the government’s swift actions have saved over 700,000 jobs and ensured Australia has the best pathway to recovery post-COVID-19 but it has come at a cost.
Productivity
NSW reported 13 new coronavirus cases overnight, ten of which can be linked to a cluster from Thai Rock restaurant in Wetherill Park. This takes the Thai Rock cluster to 26. All 13 cases have been traced to known sources. Two of the new cases could be traced to contacts linked to the Crossroads Hotel outbreak. The final case is a returned overseas traveller.
Money
The Treasurer Josh Frydenberg has announced the government will extend the range of its unsecured loan scheme to allow businesses to cope with the growing COVID-19 crisis.
Money
The Australian Taxation Office (ATO) recognises that the small business community has experienced significant challenges this year. Therefore the ATO has devised a range of different approaches to support taxpayers and the community through this tax time.
Productivity
Eased restrictions will provide little relief to small and medium businesses still struggling with overly complex and often unclear COVID-19 workplace rules, which have also been inconsistently applied across the States, according to Employsure Managing Dirctor Ed Mallett.
Money
Energy Networks Australia has today released a fact sheet outlining what additional electricity costs customers may face when working from home.
Money
A study has revealed 1.2 million Aussie businesses were already making sacrifices to stay afloat prior to the shutdowns instigated by the Australian government in an effort to stem the spread of coronavirus.
Productivity
Scammers are taking advantage of the COVID-19 pandemic by exploiting and playing on the fears of consumers and small businesses across Australia, warns the Australian Competition and Consumer Commission (ACCC).
Money
Australia is set to hit double-digit unemployment rates for the first time in 26 years. The Treasury reports the partial economic shutdown has put more than 700,000 Australians out of work with estimates the figure will rise to one million before the end of the June quarter.
Productivity
Weddings with five people, funerals with ten, boot camp in the park and 30 minutes with your hairdresser. The PM announced further restrictions for Australians overnight and left the nation slightly confused.
Money
The government has announced a range of support services for businesses impacted by the COVID-19 epidemic. However many small business owners are struggling to understand what help they can get. Here’s the lowdown.
Productivity
The shutdowns of non-essential services across parts of Australia may trigger conditions in the Fair Work Act that will allow employers to stand staff down without pay, according to Employsure, Australia’s leading workplace relations company.
Money
“Super should be the last resort, given the impact it can have on your retirement nest egg.” In response to the COVID-19 pandemic the government announced on March 22 that people in hardship would be able to access up to $10,000 of their superannuation this financial year and $10,000 from July 1. The money would be tax-free and could be a lifeline for sole traders and small businesses struggling to make ends meet following massive layoffs and store closures.
Productivity
Lakes Entrance local, Tenille Bull, has found a way to contribute to the long-term futures of many tourist-based businesses in the East Gippsland area suffering from the current bushfire catastrophe with the creation of a virtual shopping site: ‘It’s My Shout’.
Starting
This summer, Matt Moran’s restaurants are supporting the Thankful4Farmers initiative by encouraging diners to order an ‘Empty Plate’ that will go directly towards supporting Australian farming and agricultural communities.
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