AFS NEWS | Your partners in success

Client Update | October 2020

COVID-19 delayed the usual Federal Budget May delivery to the start of October, with Treasurer Josh Frydenburg announcing it as the “jobs budget”, aiming to secure Australia’s future. In one of the most important Budgets in Australian history, it focuses heavily on job creation, infrastructure, asset write-offs and personal tax cuts.

2020-2021 Federal Budget Highlights

The Government has delivered the delayed 2020-21 Federal Budget (Budget) with Treasurer Josh Frydenberg announcing it as the “jobs budget”, aiming to secure Australia’s economic recovery.

Five questions for boards to ensure a cyber-safe organisation

Cyber attacks are a constant threat for businesses, however, the COVID-19 pandemic even further heightened this threat and emphasised the importance of cyber security for directors.

Alternative decline in turnover test

Alternative tests for JobKeeper Extension

The government has outlined alternative eligibility tests for the JobKeeper Payment Scheme for businesses that don’t fit into the standard turnover test from 28 September.

jobkeeper extended 2.0

JobKeeper Extension – guidance for employers

The JobKeeper scheme has been extended from 28 September 2020 until 28 March 2021. To receive the new JobKeeper Payments from 28 September 2020, the eligibility will be based on actual turnover change rather than projected change which was used when businesses first applied.

Business resilience package explained

Updated 2 October. The Victorian Government has announced a third round of financial support, the Business Resilience Package, to help businesses impacted by ongoing restrictions and prepare for COVID-19 normal business.