The Federal Budget has been delivered and has focused on stimulating the economy out of the Covid-19 induced recession we are currently facing.

As with all Budgets, these are announcements only and have not been legislated. The details are still to be worked through, and both Houses of Parliament need to pass legislation before the announcements take effect.

The key personal and business related tax highlights of last night’s Budget are summarised below:-

Aged care has recently been in the spotlight as a result of the Royal Commission into Aged Care Quality and Safety. The COVID-19 pandemic has increased the intensity of that spotlight.

The Royal Commission has recently highlighted that the aged care system, particularly in residential aged care, is significantly underfunded and has been for some time.

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Welcome to this special edition of the StewartBrown newsletter where we update you on the recently enacted changes to the JobKeeper program. The JobKeeper Extension changes were previously referred to as JobKeeper 2.0 and JobKeeper 3.0 in previous newsletters.

The changes are quite complex and this newsletter cannot possibly cover all situations so we strongly advise you to seek guidance from your StewartBrown Manager or Partner if further assistance or clarification is needed.

To view or download a copy of this special edition newsletter, click here.

Welcome to this special edition of the StewartBrown newsletter where we update you on proposed further changes to the JobKeeper Payment scheme announced recently.

On Tuesday 21st July 2020, the Australian Government has announced proposed changes to payments under the JobKeeper and JobSeeker schemes and we summarise these for you.

Click here to view or download a copy of this newsletter.