The COVID-19 virus is upon us and wreaking havoc with the Australian economy. Accountants and tax agents are at
the fore-front of delivering the Government’s stimulus packages.
On 8 April 2020, the Federal Government introduced into parliament the following bills:
In addition, there were two appropriation bills introduced. All of these bills were passed by both houses of parliament
on 8 April 2020 and received Royal Assent on 9 April 2020.
In summary, the legislation:
The purpose of the JobKeeper scheme is to support businesses in retaining staff by continuing to pay them, despite
suffering a significant business downturn. The Government considers that this scheme will assist businesses to regain
momentum once the COVID-19 crisis has passed.
Content: 21 pages
Author: Tax & Super Australia
These notes were just the best I've seen in a very, very long time — David Krunic, DKP Chartered Accountants
I like the new notes. A lot of diagrams for the cases, easy to read and straight forward — Weiya Mao, Nicol & Nicol
The detail is fantastic — Jo Sampson, Accountant C
I found the notes outstanding — John van Delft, Taxkare Pty Ltd