Monthly Archives: May 2020

JobKeeper ATO Compliance on Schemes

Businesses that have applied for the JobKeeper now have some certainty on the integrity provision contained in the legislation. The ATO has released details of its administrative approach, in particular when it will apply compliance resources to investigate whether there has been breaches of the law. In general, it notes that it would only apply […]

$10,000 Cash Payments limit the Facts

The proposed $10,000 economy wide cash payment limit has understandably elicited some confusion among the general populous. Chief among them is to what extent will personal transactions be included in this limit. To dispel some of the confusion, the government has released information outlining the circumstances in which the limit would not apply in relation […]

Early Release of Super: Coronavirus Condition

If you’ve been affected by the Coronavirus pandemic and want to access your super early, it may be beneficial to consult a qualified professional about the eligibility and other options that may be available to you. It won’t cost you an arm and a leg either, ASIC has recently granted a temporary AFS licensing exemption […]

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