Welcome to our special update edition of the StewartBrown newsletter where we keep you updated with the latest tax and Government assistance packages being made available in response to the COVID-19 pandemic.
ASSISTANCE TO COPE WITH THE EFFECTS OF THE CORONAVIRUS (COVID-19)
Federal Government stimulus package-overview
An additional $66b in COVID-19 economic support has now been pledged by the Federal Government in addition to the previous $17.6b stimulus package.
Importantly, Not-for-Profit entities (“NFP’s”), including charities, with aggregated annual turnover under $50 million and that employ workers will now also be eligible. Previously they were not included in the measures. This will support employment activities at a time where NFP’s are facing increasing demand for services.
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