The Second $66.1 bn Stimulus Package: What You Need To Know

Posted by Anna Han Willetts
On 03/24/2020

On 22th March 2020, the Government released a second, far reaching $66.1 bn stimulus package that boosts income support payments, introduces targeted changes to the superannuation rules, provides cash flow support of up to $100,000 for small business employers, and relaxes corporate insolvency laws. Federal Parliament passed both the stimulus measures on Monday 23 March […]

The Stimulus Package: What You Need To Know

Posted by Anna Han Willetts
On 03/17/2020

The yet to be legislated four part package focuses on business investment, sustaining employers and driving cash into the economy. For business Business investment Increase and extension of the instant asset write-off Accelerated depreciation deductions Cash flow assistance for small and medium sized business Tax-free payments up to $25,000 for employers Wage subsidy of up […]

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