What is it? Employers will receive a payment of $1,500 per fortnight per eligible employee. Every eligible employee must receive at least $1,500 per fortnight from this business, before tax. Who is an Eligible Employer? Businesses annual turnover of less than $1 Billion and a reduction in revenue of 30% or more since 1 March 2020 Businesses annual turnover of … Read More
Superannuation Changes Passed
Treasurer Scott Morrison handed down his first Federal budget on 3rd May 2016 and within it were significant changes to superannuation. On Wednesday 23rd November 2016 the ‘Fair and Sustainable Superannuation’ Bill and the ‘Superannuation (Objective)’ Bill were passed through both houses. The Government agreed, as part of its response to the Financial System Inquiry (FSI), to enshrine the objective … Read More