Category: Financial Advice

The JobKeeper Payment has now been legislated by Parliament, and the eligibility rules have been officially released by Treasury, broadly in line with earlier guidance. The updated Treasury fact sheet can be found here: https://treasury.gov.au/coronavirus/jobkeeper The rules and other guidance are best summarised in the Treasury fact sheet JobKeeper payment – Frequently asked questions: https://treasury.gov.au/sites/default/files/2020-04/JobKeeper_frequently_asked_questions_2.pdf

ASIC today announced that it will extend the deadline for unlisted entities to lodge financial reports under Chapters 2M and 7 of the Corporations Act 2001 (the Act) by one month for balance dates from 31 December 2020 to 31 March 2. Please click on the image below to view and download the pdf. If

NATIONAL CABINET MANDATORY CODE OF CONDUCT (“CODE”) SME COMMERCIAL LEASING PRINCIPLES DURING COVID-19 (Last updated 7 April 2020) On 7 April 2020, The Hon Scott Morrison announced a set of “good faith leasing principles for application to commercial tenancies” and “to aid the management of cashflow for SME tenants and landlords on a proportionate basis”

Following is a summary of the key relief incentives released by the NSW government, which is current as at 3 April 2020. NSW Stimulus Stage One: announced 17 March 2020 Waiver of a 25% of 2019-2020 payroll tax for businesses with grouped Australian taxable wages of up to $10 million. How to apply: Revenue NSW

The Federal Government has announced its intention to pass the JobKeeper payment program which is designed to support employees and businesses affected by COVID-19. This is a long awaited stimulus measure that assists employers in retaining their workforce. In summary, the proposal is for a wage subsidy, dubbed the JobKeeper payment, to be made to

The Australian Charities and Not-for-profits Commission (ACNC) has given charities affected by the COVID-19 crisis additional time to submit their Annual Information Statements (AIS). The recent measures taken by the Australian Government to flatten the coronavirus curve will make it difficult for charities to meet their reporting deadlines as they relate to the 2019 AIS. 

In the rapidly changing environment we are all experiencing with the COVID-19 virus, we wish to provide you with an update on how we will continue to provide our services to you. TNR (incorporating Keep & Associates and TNR Wealth) is ready for the effects of the measures introduced by the Morrison Government. All of