Under the JobKeeper Payment, businesses impacted by the Coronavirus will be able to access a subsidy from the Government to continue paying their employees. The JobKeeper payment will be administered by the ATO, and will be paid to businesses that have experienced a downturn of more than 30% (50% for businesses over $1bn).
Slow economic growth is a global theme, with few exceptions. The Australian economy is not immune to this slowdown.
The recent Federal election will have a major influence on the economy as will government spending in the future. Read why.
Economic outlook Spring 2018 International share markets experienced major fluctuations during the June quarter owing to ongoing trade-tariff tensions. The Australian economy grew strongly, driven by strong Government spending on infrastructure and increased demand for Australian mining exports. International shares International shares swung between strength… Read More >>
Advancing Small Business Queensland The Advancing Small Business Queensland Strategy 2016-20 is positioning Queensland as the place for small businesses to start, grow and employ. The strategy focuses on stronger advocacy for small business, simplified and coordinated service delivery and connecting small business to opportunity…. Read More >>
Business Growth Fund Qld’s Business Growth Fund Program, delivered by the Office of Small Business, is a grant program which provides targeted assistance for small and medium businesses that demonstrate high-growth and employment aspirations. Funding of up to $50,000 (excluding GST) is available for eligible businesses… Read More >>
Why your chances of a pay increase could finally be improving With 2018 now underway, many Australians may have noted ‘pay increase’ in their new years’ resolutions list. While the economic conditions over the past few years may not been ideal for having successful conversations… Read More >>
Fair Work Commission introduced part-time employment conditions to Road Transport (Long Distance) Award. Employees can now be employed on a part-time basis from the first full pay period on or after 28 February 2018. Before this change, employees could only be employed as full-time or… Read More >>
Australian economy The Australian economy is growing in line with the Reserve Bank’s forecast. Growth in consumption and the contribution from net exports was higher in the June quarter than the March quarter, and the decline in mining investment has mostly passed. Household consumption growth… Read More >>
The Australian government has pledged to scrap the 457 visa entirely. What does this mean if you run a business which relies on them? Details will be fleshed out in coming weeks, but here’s what is known so far: Current 457 visa holders will not… Read More >>