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How COVID-19 is impacting insurance policies - what you need to know
COVID-19 is impacting our lives in ways we never expected. We are forced to swiftly adapt and change the way we run our business and go about our daily lives. What we may not realise is that these changes forced by the current crisis may directly impact various insurance policies we have in place, and it’s therefore important to make sure we have every angle covered.
COVID-19: Early Childhood Education and Care Relief Package
As the COVID-19 pandemic’s impact on Australians continues the Australian Government has announced its support to parents with a new Early Childhood Education and Care Relief Package.
The package announced on Thursday 2 April 2020, aims to provide financial relief for parents and keep early childhood education workers employed. The childcare overhaul and JobKeeper payments to early childhood education workers will see the sector receive an estimated $1.6 billion over three months.
The package announced on Thursday 2 April 2020, aims to provide financial relief for parents and keep early childhood education workers employed. The childcare overhaul and JobKeeper payments to early childhood education workers will see the sector receive an estimated $1.6 billion over three months.
Fair Work Commission announces proposal to vary a large number of Modern Awards
On 1 April 2020, the Fair Work Commission (FWC) announced a preliminary view regarding the variation of many Modern Awards to provide an entitlement to “unpaid pandemic leave” and annual leave at half pay. This action is being proposed by the FWC on its’ own motion as it can do under section 175 of the Fair Work Act, 2009. A final determination will be made following a short consultation period, and if necessary, a hearing. A hearing will only occur if submissions opposing the proposal are received by the FWC. If there is a hearing, it will be held on 8 April 2020.
COVID-19: Government Introduces ‘Sensible’ Jobkeeper Payment
Stage 3 of the Federal Government’s Covid-19 stimulus was announced on 30 March 2020.
The sensible stimulus centres on the idea of supporting employers to keep individuals employed, rather than providing support to individuals that have lost their jobs.
The sensible stimulus centres on the idea of supporting employers to keep individuals employed, rather than providing support to individuals that have lost their jobs.
COVID-19: Stage 2 of NSW Economic Stimulus Package
On 27 March 2020 the New South Wales Government released the second stage of its economic package aimed at keeping people in jobs, helping businesses and supporting the most vulnerable during the COVID-19 crisis. The package supplements the first stage announced on 17 March 2020.
The key elements of this package are to provide for the deferral of payment of payroll tax liabilities and other state based taxes and levies.
The key elements of this package are to provide for the deferral of payment of payroll tax liabilities and other state based taxes and levies.
Fair Work Commission announces temporary changes to Clerks - Private Sector Award 2010
The unprecedented circumstances imposed on us by COVID-19 has necessitated innovative solutions. The Fair Work Commission (FWC) has been working with parties to facilitate greater flexibility in working and leave arrangements.
COVID-19: What to know when preparing to talk to your bank
Businesses and the community as a whole are bearing the brunt of COVID-19 with the mental, physical and financial impacts starting to hit hard. At Mazars, we’re actively talking with our clients and encouraging them to contact their Bank to start the process of putting in place plans to preserve cashflow and protect their staff, business and assets.
COVID-19: QLD Payroll Tax relief updates see increased deferrals and refunds
On 23 March 2020, the Queensland Premier announced an update in relation to the QLD Payroll Tax relief package that was originally proposed on Friday 20 March 2020.
This update provides further deferrals and refunds of payroll tax debt that have already been paid.
This update provides further deferrals and refunds of payroll tax debt that have already been paid.
Super Guarantee Charge Amnesty – welcome news but action required!
The super guarantee amnesty has now become law, which is welcome news for anyone caught up in the complicated compliance rules for late employer super payments. Be aware that the amnesty is for a limited period and timely action is required to be able to participate.
ASIC priorities affecting the financial services sector in 2020
The Australian Securities & Investments Commission (“ASIC”) has been vocal and consistent in their delivery of information for participants in Australia’s financial services sector. As part of their continued response to the fallout from the Hayne Royal Commission, ASIC Deputy Chair, Ms Karen Chester, recently addressed the four lines of defence for consumers of financial services.