Monthly Archives: November 2020

JobMaker: How Your Business Can Take Advantage

If your business is thinking of hiring new staff, now is the time, the Government will pay employers a subsidy of sorts for each eligible young worker employed over the next 12 months. The amount of the payment depends on the age of the employee, but may be up to $200 per week for those […]

Potential Changes to The Childcare Subsidy?

In its Budget reply speech, Labor has earmarked changes to the childcare subsidy should it win the next election which could occur as early as late 2021. As a part of its plan to get the economy back on track and women working more hours, Labor has proposed the removal of the annual cap of […]

New Centrelink and ATO Data Matching Program

A new data matching program between the ATO and Centrelink is currently underway and will apply for the 2019-20- and 2020-21-income years. The program relates to the use of Single Touch Payroll (STP) data. It is estimated around 460m pay events will be exchanged during the active period and will affect approximately 10-12m individuals who […]

Flexibility For SMSF Membership Coming Soon

The maximum number of allowable members for SMSFs could soon increase from 4 to 6 if a recently reintroduced Bill passes Parliament. The Bill was previously a part of the 2018-19 Budget measures and was aimed at providing more flexibility to many SMSFs with aging members and larger families. By allowing more members, the government […]

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