Archive for the "COVID-19" Category
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March 22 – 2nd COVID-19 economic stimulus package
Posted on March 22nd, 2020 by WLFToday the Prime Minister and Treasurer scaled up their economic stimulus package to $189 billion (approximately 10% of GDP).
The measures will be delivered over the next six months and focus on those that will be the first to feel the economic hardship of this crisis. We expect that the Parliament will push through this stimulus package Monday or Tuesday and implement the measures as soon as possible.
You can find our overview of the 1st stimulus package here.
Some key points of the second package that we believe may be of particular interest to our clients are listed belo… -
March 17 Update: COVID-19 government economic stimulus package
Posted on March 17th, 2020 by WLFLast week the Federal Government announced a stimulus package in response to the economic effects of Covid-19 (Coronavirus).
The aim of the package is to help businesses stay afloat and keep people employed. This means the measures focus on businesses that employ people. The government have also indicated that they are intending to announce further measures soon.
We don’t know many details yet as the legislation hasn’t been introduced to parliament which we expect will occur next week. Watch this space for updates.
Some key points of the package that we believe m… -
March 12 – COVID-19 government economic stimulus package
Posted on March 12th, 2020 by WLFThis is an evolving situation and we will keep our clients updated as things changes. Please see our website article published on 17 March 2020 for up to date information.
Earlier today the Federal Government announced a stimulus package in response to the economic effects of COVID-19 (Coronavirus). Some key points of the package that we believe may be of particular interest to our business clients are listed below:Increasing the instant asset write off to include expenditure on assets up to $150,000. This extension will apply from today until 30 June 2020;
The $15…