The latest news and advice for businesses and individuals relating to COVID-19
On 7 August 2020, the Government announced that employees employed on 1 July 2020 who were not eligible on 1 March (i.e. because they had not met the 12 months casual employment period or who have been employed since 1 March) are now eligible for JobKeeper from the JobKeeper fortnight commencing 3 August 2020.
In response to the Victorian COVID-19 crisis, the Morrison government has overhauled the eligibility requirements for the JobKeeper wage subsidy applicable from 28 September 2020 to allow more businesses to access the scheme.
On the 21 July 2020, the Federal Government has announced that the JobKeeper Payment, which was originally due to run until 27 September 2020, will now continue to be available to eligible businesses (including the self-employed) and not-for-profits until 28 March 2021.
In March 2020, the Federal Government announced an increase to the instant asset write-off (IAWO) threshold from $30,000 to $150,000 and expanded access to the write-off to include all businesses with aggregated annual turnover of less than $500 million (up from $50 million) as part of broader measures designed to boost cashflow.