Rent relief package

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Rent relief package

The Federal Government has announced a rent relief package for commercial tenants affected by COVID-19. The package is a key part of the government’s hibernation strategy. Under the scheme, landlords will be instructed to reduce their commercial tenant's rent in proportion to the tenants lost revenue due to the impact of COVID-19. A mandatory code will apply to tenancies including retail, office and industrial. Read more ... Original story on businessaustralia.com Original story on smh.com.au

Cafes, gyms, restaurants to get $10,000 for overheads

Cafes, corner stores, gyms and even boutique accommodation providers will be among the small businesses in NSW eligible for $10,000 cash grants to cover overheads and bills during the coronavirus crisis. The Berejiklian government will put $750 million into its Small Business Support Fund as the centrepiece of a third round of stimulus measures to keep small businesses afloat. Businesses that have been "highly impacted" by public health restrictions banning gatherings will be eligible if they have between one and 19 employees and a turnover of more than $75,000. Read more ...

Changes to the fair work act

For employers and employees on the jobkeeper wage subsidy The new laws override any modern award, enterprise agreement or employment contract. Under the new laws an employer can: Stand down an employee without pay (completely or partially) for any period that they cannot be usefully employed. Change employment arrangements (such as what they do, where they work and when they work) for a specific employee. Read more ... Original story on businessaustralia.com Original story on businessaustralia.com

JobKeeper subsidy explained

Businesses who have lost 30% of their revenue can offer employees $1500 per fortnight payment through the Government’s JobKeeper subsidy. In this update, we explain the JobKeeper payment and what businesses are eligible to receive. The JobKeeper payment is designed to help businesses keep their employees on the payroll during government-ordered closures and dwindling profits. The payment equals $1,500 per eligible employee, per fortnight. Read more ...