Federal Budget May 2021

Federal Budget 2021-2022

PERSONAL TAXATION Personal tax rates unchanged for 2021–2022 In the Budget, the Government did not announce any personal tax rates changes, having already brought forward the Stage 2 tax rates to 1 July 2020 in the October 2020 Budget. The Stage 3 tax changes will commence from 1 July 2024, Read more…

Federal Budget 2020-2021

Federal Budget 2020-2021 On Tuesday, 6 October 2020, Treasurer Josh Frydenberg handed down the 2020-21 Federal Budget, his 2nd Budget. He said the Federal Budget was “all about jobs” (including creating new jobs and getting the unemployed back into work again) and getting the economy moving again. The Treasurer said Read more…


Guidance to residential Rental Property Owners

The ATO is aware that residential rental property owners (the owners), due to COVID-19, floods, or bushfires, may be experiencing reduced income from tenants paying less or entering deferred payment plans, or travel restrictions which have affected demand for short-term rental properties. Assistant Commissioner Karen Foat explained that whatever the Read more…

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COVID-19 – Government Stimulus Package

COVID-19 – Government Stimulus Package, What It Means For You, Tips & What You Can Do ATO coronavirus administrative support A series of administrative measures to assist businesses experiencing financial difficulty as a result of the COVID-19 pandemic has been announced by the ATO. These include deferring the payment date Read more…

job keeper

JobKeeper Payment initiative

JobKeeper Payment initiative: Aimed at supporting employers to retain their workforce while managing through the commercial disruption of COVID-19. The latest announcement  about  jobkeeper payment initiative revealed that, commencing 30 March 2020, the government will underwrite/reimburse businesses $1500 each fortnight per employee the business retains through the period. Businesses will Read more…

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