As of 1st January 2021, the temporary COVID-19 debt relief measures introduced by the Government have been removed. The temporary debt protection period pre-covid was 21 days; in March 2020, the Government extended this period to 6 months for applications made up to 31st December. However that period has expired and from 1st January current… Read more
Articles in category COVID-19
Jobkeeper ATO Accounting Error
It’s always nice to have over-estimated, right? Well, no. What happened? A recent announcement by the Government has advised of an accounting error in relation to the number of businesses claiming the JobKeeper payment. It has been put down to the ATO relying of business-owners to accurately input their own claim data. Confusion during the… Read more
Coronavirus & Temporary Debt Relief
Temporary debt relief On 25 March 2020, the Government introduced temporary measures to support individuals and businesses during this crisis. These include: Six month temporary debt protection Changes to bankruptcy notices Impacts to people who are currently bankrupt If you have been financially impacted by Coronavirus (COVID-19), you may be eligible to receive financial assistance… Read more
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