May 13, 2020 / News

COVID-19 Relief measures - Support for the Wine Industry

The wine industry has been significantly impacted by the Covid-19 pandemic. In light of this, the Australian and South Australian Governments have announced significant support to assist the industry through to better times. Read more

COVID-19 / Wine and Viticulture / Wine Industry

May 07, 2020 / News

Incentives are nice, but cash is better

The world of pain being experienced by business owners has not yet been revealed anywhere near it’s true extent. Read more

Business Consulting / COVID-19

May 07, 2020 / News

Financial Reporting Developments

The AASB has been very active during the past two months, issuing a number of new requirements. Nexia Australia Technical Director Martin Olde highlights some of the key changes as well as financial reporting considerations relating to COVID-19. Read more

Audit and Assurance / COVID-19 / Financial Reporting

May 07, 2020 / News

50% Reduction in Pension Drawdowns

The superannuation law requires a minimum amount to be paid from a pension account each year in order for the account to be treated as being in retirement phase, and entitle the fund to income tax exemption on income arising from assets represented by the account. Read more

COVID-19 / Superannuation

May 07, 2020 / News

Early Release of Superannuation

Eligible members of super funds (including SMSFs) are able to apply for two amounts of up to $10,000 each. Read more

COVID-19 / Superannuation

May 07, 2020 / News

Deferrals of Super Lodgements and Payments

There are a number of things you can do if COVID-19 has affected your fund’s cash flow or your ability to fulfil your duties as trustee. Read more

COVID-19 / Superannuation

May 05, 2020 / News

JobKeeper – Deadline to notify your employees: $4,200 penalty each if you miss it

The JobKeeper Rules were amended on 1 May, following an announcement by the Treasurer on 24 April. This reflects the sound judgement of enacting framework legislation that delegated lawmaking power to the Treasurer, from which the JobKeeper Rules came, so that any required amendments could be implemented quickly. Read more

Business Consulting / COVID-19

Apr 30, 2020 / News

JobKeeper – Is your business a square peg trying to fit into a round hole?

A key requirement for a business to qualify for the JobKeeper payments is that it has suffered a 30%+ decline in turnover (50%+ for those with group turnover above $1 billion). The JobKeeper Rules contain the “basic test” for measuring a business’s decline in turnover. It generally operates by comparing your predicted turnover for a period (say, month of April 2020) to the equivalent period in 2019 (April 2019). Read more

Business Consulting / COVID-19

Apr 28, 2020 / News

COVID-19 Stimulus and Support Measures for NFP’s

We have summarised the COVID-19 related stimulus and support measures that are available for Not-for-Profit (NFP) entities. Read more

COVID-19 / Not for Profit

Apr 27, 2020 / News

Treatment of COVID-19-related rent concessions

The Australian government’s mandatory Code of Conduct for Commercial Leases introduces a range of rent concessions for lessees, including rent reductions and rent deferrals. Read more


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